Fear Of Federation Account Depletion Raises As Crude Nears $70
The international oil benchmark, Brent Crude, was less than 30 cents from hitting $70 amid market optimism on the United States and Europe reopening.
The benchmark had gained $0.83, to trade at $69.71 as of 2:44...
Modular Refineries: Revoke, Re-issue Licences, Reps Urge NNPC
The House of Representatives has urged the Nigerian National Petroleum Corporation to review the status of the licences issued to indigenous companies to run modular refineries.
It asked the corporation to revoke and re-issue them to competent and...
NNPC Sells N267bn Crude Oil, Maintains 1.42m bpd Output
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarter of 2021, a document presented to...
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...
