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...
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...
