Three Refineries Incur N5.92bn Expenses At Zero Production - NNPC         The Nigerian National Petroleum Corporation (NNPC) has reported its three refineries incurred N5.92 billion expenses in September 2020 at zero production level. According to its September 2020 Financial and Operations Report, which The Economic Confidential obtained...

Nigeria’s Nine-month Oil Export Earnings Drop By $1.24bn         The total revenue generated by Nigeria from crude oil and gas exports from January to September 2020 tumbled by $1.24bn, compared to the same period in 2019. An analysis of data obtained from the Nigerian National Petroleum Corporation...

Nigeria Lost N76bn Worth Of Crude To Pipeline Vandals In 2020         Nigeria lost at least 3.1 million barrels of crude worth about $200m (about N76.3 billion) in 2020 due to activities of pipeline vandals and crude oil thieves. This figure is contained in a report released...

Shell, NNPC Seal 20-year Domestic Gas Distribution Pact         Shell Nigeria Gas said on Sunday that it had signed a 20-year agreement with a subsidiary of the Nigerian National Petroleum Corporation for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and...

Nigeria Made $120.49m From Oil Exports In September – NNPC         The Nigerian National Petroleum Corporation on Sunday announced a total export receipt for crude oil and gas valued at $120.49m for the month of September 2020. NNPC’s Group General Manager, Group Public Affairs Division, Kennie Obateru,...

Fed Govt Plans To Boost Domestic Gas Usage By Q1, 2021       The federal government has intensified efforts to ensure that Nigeria achieves self-sufficiency in the domestic production and utilisation of its gas resources by the first quarter of 2021. The government noted that currently, Nigeria’s production...