Rising Oil Price Puts More Pressure on NNPC’s Finances       Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demand in key markets, thereby piling more pressure on the ability of the Nigerian National Petroleum Corporation (NNPC)...

Revenue Projection Letter to AGF Not Reflection of Financial Standing- NNPC …Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the...

Tough Times Beckon As NNPC Says No FAAC Remittance For May       The three tiers of government, federal, states and local governments, are in for tough times next month as they may get less from the Federation Account, no thanks to the huge payment the Nigerian...

Petroleum Products Worth N15.71bn Lost To Vandalism In 2020 – NNPC       Amid continued pipeline vandalism in the country, petroleum products worth N15.71bn were lost last year, according to the Nigerian National Petroleum Corporation. Data obtained from the NNPC showed that petroleum products worth N1.71bn were lost...

Nigeria’s Rig Count drops By 55.34% In Q1, 2021       The rig count of Nigeria has dropped by 55.34 per cent in the first quarter, January–March, 2021 to 19, according to data collated from recent reports of the Organisation of Petroleum Exporting Countries, OPEC. The rig count,...

No Fuel Price Increase Without Fixing Refineries - NLC       The Nigeria Labour Congress says it has listed key issues that should be addressed before the Nigerian National Petroleum Corporation will adjust the pump price of Premium Motor Spirit, popularly called petrol. It specifically stated that one...