NNPC, NEITI Deepen Efforts to Unravel Oil, Gas Assets Owners
The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have vowed to ramp up efforts at unravelling actual owners of the country’s oil and gas assets as well as ensuring...
Petrol Landing Cost Now N232 As Subsidy Rises To N5.58bn Daily
The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December 2020 and mid-June this year, although the pump price of the product remained unchanged.
From...
IPMAN Supports NNPC Centralised Online Payment Policy
The Independent Petroleum Marketers Association of Nigeria says it supports the new centralisation policy of online payment for products by the Nigerian National Petroleum Corporation.
In a statement issued on Tuesday by the association’s Public Relations Officer, Yakubu Suleiman,...
Petrol Could Reach N256/Litre Without N140bn Monthly Subsidy – NNPC
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the federal government is injecting between N140 billion to N150bn monthly to keep petrol price at N162 per litre, from its...
FG Targets $70m Profit From Crude Supply To Indonesia
The Nigerian National Petroleum Corporation (NNPC) through its subsidiary, Duke Oil, has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corporation, Pertamina and Indian Oil Corporation.
The development, which...
Rise In Oil Price Continues, Inches Closer To $75pb
The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as industry data pointed to a substantial decline in United States crude stockpiles coupled with rising fuel sales in India as...
