NNPC’s Revenue Falls By N916bn Despite Posting N287bn Profit       Nearly two weeks after declaring its first profit in its 44-year history, the Nigerian National Petroleum Corporation said on Wednesday that its group revenue for the 2020 financial year fell to N3.72tn from N4.63tn in 2019....

Rising Cooking Gas Price Due To Undersupply - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has assured Nigerians that the corporation is working with relevant agencies to ensure that the price of gas is affordable by increasing the volume...

Nigeria Spends N1.47trn On Petrol Imports In Six Months         The amount spent on the importation of Premium Motor Spirit (petrol) in the first half of this year jumped to N1.47tn, which is more than 73 per cent of what was incurred in the whole of...

NNPC To Begin Sale Of Shares In 2024, Says Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that the earliest the corporation can issue its Initial Public Offer to investors is in the next three years. The NNPC boss...

Remittances: Senate Accuses NNPC, CBN, Others Of Underpayment       The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the country by engaging in spending spree instead of remitting the appropriate funds into the federation account. The Chairman of the Senate Committee...

In Seven Months, NNPC Incurs N756.99bn Petrol Subsidy       The Nigerian National Petroleum Corporation incurred N756.99bn petrol subsidy cost from January to July this year, the latest data obtained from the corporation show. The subsidy, which the NNPC prefers to call ‘value shortfall’ or ‘under-recovery’, resurfaced in...