Nigeria Imported 20.60bn Litres Of Petrol In 2019 ― NEITI     The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019. This is contained in NEITI audit report on...

Nigeria’ll Export Petrol In Two Years – NNPC       The Nigerian National Petroleum Corporation (NNPC) on Tuesday said refined petroleum products would be exported from Nigeria to other countries in the next two years. Nigeria currently imports refined petroleum products such as petrol, kerosene, diesel, etc, while...

Oil Now $77 As Daily Petrol Subsidy Rises To N6.07bn       The further rise in global crude oil prices has pushed the daily subsidy on Premium Motor Spirit, also known as petrol, to N6.07bn. Petrol subsidy, which was removed in March 2020, re-emerged earlier this year as...

NNPC, Partners To Generate $760m From Gas Supply       The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760 million from fresh Gas Supply Purchase...

In Five Months, NNPC Rakes In N1.088trn Revenue       The Nigerian National Petroleum Corporation (NNPC) made a total revenue of N1.088.88 trillion in the first five months of 2021, a Federation Account Allocation Committee (FAAC) document detailing its operations for the period has shown. The figure is...

NNPC Saves $1bn On Petrol Imports - Kyari     The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, on Wednesday announced that the oil firm saved over $1bn of the cost that would have been built in on the top of petroleum products imports into...