PIB Lists Functions Of New Agencies To Replace NNPC       The Petroleum Industry Bill 2020 has listed the specific functions of the three agencies that would replace the Nigerian National Petroleum Corporation when the proposed legislation is passed and assented to by President Muhammadu Buhari. A copy...

Nigeria’s Gas Exports Recover, Surpass Pre-COVID-19 Level       The nation’s gas exports have rebounded from the COVID-19 pandemic, rising for the fourth straight month in July to 115.71 billion cubic feet, the highest level in more than a year. Nigeria, which has the largest gas reserves in...

‘FG Aggressively Developing Gas-to-power Infrastructure, Exploration’       The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said the Federal Government is aggressively pursuing other gas development initiatives to improve Nigeria’s current utilization of alternative fuels as well as stimulating gas demand and power...

In 3 Years, NNPC Paid Itself N1.53trn As Subsidy On Petrol       The Nigerian National Petroleum Corporation, NNPC, paid itself N1.53 trillion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in three years and six months, from January 2017 to June 2020, according...

NNPC Seeks Capacity Upgrade For Indigenous Operators       The Nigerian National Petroleum Corporation has said indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness. The NNPC said this would help to achieve the target of reducing the cost of...

Foreign Investors Losing Confidence In Nigeria’s Oil Industry — Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for Nigeria to act fast and address the loss of foreign investors’ confidence in the country’s...