FG'll Consult Widely Before Petrol Subsidy Removal – NNPC       The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Corporation has said. On Monday, The Economic Confidential reported that the NNPC might spend N102.96bn...

Petrol Subsidy To gulp N102.96bn In March         The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity. A Federal Government agency, Petroleum Products Pricing Regulatory Agency, on Thursday published the expected new lower and...

Gas Investors Want Fiscal Clarity Before Investing – Kyari       The Nigerian National Petroleum Corporation on Monday said investors were calling for clarity on fiscal terms so as to be encouraged to commit their capital for gas development projects across the country. NNPC’s Group Managing Director, Mele...

Nigeria’s Petrol Price Stabilises     The price of Nigeria’s Bonny Light hovered at $67.69 per barrel, indicating that the government would not be under pressure to generate funds for its 2021 budget, which was based on $40 and 1.8 million barrels per day, mb/d, including Condensate. However,...

NNPC To AuGF: We Spent N966bn On Pipeline Repairs       The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated this in response to the query raised in the 2016 report of the Auditor General for the...

NNPC, Usmanu Danfodiyo University Collaborate on Development of Energy Conversion, Storage The Nigerian National Petroleum Corporation (NNPC) and the Usmanu Danfodiyo University, Sokoto, have pledged to collaborate on the development of energy inter-conversion and storage as a catalyst for Nigeria’s economic development and transformation. Group Managing...