Petrol Price: FG, Labour To Reach An Agreement - NNPC       The price of petrol is not going to be adjusted despite the fluctuations in global crude oil prices until the Federal Government, labour and other stakeholders agree on pricing issues. Group General Manager, Group Public Affairs...

Oil Imports Gulped $1.32bn In 2020 - CBN       The quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019, the latest data from the Central Bank of Nigeria have shown. The CBN’s data on sectoral utilisation for transactions valid...

NNPC Refineries Idle For 19 Months, Record N177.21bn Loss       In 19 straight months of not processing any barrel of crude oil, the government-owned refineries in Nigeria recorded a total loss of N177.21bn, the latest data from the Nigerian National Petroleum Corporation have shown. An analysis of...

OML 143: NNPC, SEEPCO Sign Gas Development Agreement to Unlock 1.2TCF The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC...

NNPC Spends N1.53trn On JV Oil Assets, Priority Projects     The Nigerian National Petroleum Corporation spent a total of N1.53tn on oil and gas assets being developed through joint ventures with private firms as well as priority projects in 2020. The NNPC, which represents the Federal Government...

Petrol Sells For N175/litre As Queues Reduce In Abuja       Filling stations, particularly those in some satellite towns of Abuja dispensed petrol at rates higher than the approved N165/litre price on Wednesday, as queues in the Federal Capital Territory gradually reduced. Thousands of commuters had been left...