Petrol Consumption Rises By 340m Litres In One Month     Petrol consumption in Nigeria leaped by 340 million litres within a space of one month, figures released by the Nigerian National Petroleum Corporation showed on Sunday. Providing data contained in its March 2021 financial and operations report,...

Refineries Record 13-month Loss Of N104.3bn - NNPC     A total loss of N104.3bn was recorded by Nigeria’s refineries in 13 months, even as the facilities refined no crude oil throughout the period, the latest report released by the Nigerian National Petroleum Corporation showed. An analysis of...

In Two Months, NNPC Spent N219.4bn On JV Oil Assets, Projects       The Nigerian National Petroleum Corporation spent a total of N219.4bn on oil and gas assets being developed through joint ventures with private firms as well as government priority projects in the first two months...

FG Pays N3.22bn IOC Cash Call, Leaves Outstanding Balance At $1.46bn     The Federal Government has paid a total of $3.22bn as cash call arrears to international oil companies, leaving an outstanding balance of $1.46bn. It disclosed this in a document on Joint Venture repayment agreement status...

Nigeria Lost N53.26bn To Gas Flaring In Two Months – NNPC       Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The oil companies...

In Five Months, NNPC Records 63% FAAC Remittance Shortfall       The statutory payments made by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account, a joint pool operated by the local, state and federal governments, declined by over 63 per cent in the first five...