NNPC Posts N43.57bn Trading Surplus For April
The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021.
It disclosed this in...
Petrol Landing Cost Hits N249/litre
The landing cost of Premium Motor Spirit (petrol) imported into the country has increased to a new high of N249.42 per litre on the back of high global crude oil prices.
The further rise in the landing cost of petrol means...
NNPC Plans Policies To Guide Divesting IOC Partners
The Nigerian National Petroleum Corporation has said it would outline policies to guide partners (International Oil Companies) of the corporation who wish to divest from joint ventures or the Nigerian oil and gas industry.
Shell had said in...
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...
