Senate Summons NNPC Again, Cites Non-remittance Of N4.07trn       The Senate Public Accounts Committee has again summoned the management of the Nigerian National Petroleum Corporation over alleged non-remittance of N4.07tn to the Federation Account between 2010 and 2016. The management of the NNPC had appeared before the...

FG, Labour To Meet Mid-April On Petrol Price Adjustment       The federal government and the organised labour will reconvene their negotiations to finalise decision on appropriate pricing of petrol and electricity tariff by middle of April. Economic Confidential gathered that the meeting will hold before the commencement...

NNPC Shrinks Cash-call Debts To IOCs By $3.11bn       The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of $1.570, according to statistics released by the...

NNPC Yet To Remit N4.07trn From 2015/2016 Crude Sales       A review of the 2015/2016 audited report of the Nigeria National Petroleum Corporation (NNPC) has revealed that the organisation may have failed to remit N4.07trillion revenue from domestic crude oil sales for the period. For 2015, the...

Petrol Imports Gulped N2.11trn In 2020 - NBS       The amount spent on the importation of Premium Motor Spirit (petrol) rose by 17.54 per cent to N2.11tn last year, the latest data obtained from the National Bureau of Statistics have shown. The country spent N1.71tn on petrol...

New Refinery Will Cost FG About $12bn - NNPC       The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion for the rehabilitation of the Port Harcourt refinery, maintaining that apart from following due process, building a new refinery in...