FG’s Funding For Priority Projects In Oil Industry Hits $1.54trn Deficit
The federal government through the Nigerian National Petroleum Corporation (NNPC) may have been unable to fund its priority projects in the oil and gas industry to the tune of $1.54 trillion, according to a...
NNPC Incurred N473bn Loss Operating Moribund Refineries – Report
The Nigerian National Petroleum Corporation incurred a loss of N473.3bn in operating moribund refineries between January 2015 and February 2021, a new report by SBM Intelligence, a geopolitical and socioeconomic research firm has claimed.
The report titled...
Sacking, Redeployments Prepare Us For Unbundling - NNPC
The latest shakeup that led to the redeployments promotion and sacking of some senior management workers at the Nigerian National Petroleum Corporation was in preparation for the proposed unbundling of the oil firm, it was learnt on...
In One Month, NNPC Spends N492.05bn On Subsidy, Salaries, Other Expenses
Nigeria’s subsidy regime, salary and other operating revenue cost the Nigerian National Petroleum Corporation (NNPC) N492.05 billion in the month of April this year.
Recall that the Group Managing Director of the Corporation, Mele Kyari...
COVID-19, Power Failure, Others Stall N88.76bn Oil Production - NNPC
COVID-19 outbreak, Power failure and production shut-in at various crude oil terminals prevented the production of 3.31 million barrels of oil valued at about N88.76bn in one month.
Updates on key setbacks that affected oil production...
NNPC Begins Shakeup Ahead Of PIB Implementation
Nigerian National Petroleum Corporation (NNPC) has announced a major shakeup in anticipation of the implementation of the Petroleum Industry Bill (PIB).
The Corporation, in a statement, said: “Other Chief Operating Officer positions in the Corporation have now been redesignated...
