Petrol Subsidy Removed Because Of Fraud - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said the Federal Government removed subsidy on petrol because of fraud. Kyari said some cabals which he failed to identify perpetrated the fraud in the oil...

FG Monthly Oil Sales Revenue Plunges By 75%       The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low of $55.29m, according to the Nigerian National Petroleum Corporation. The NNPC’s latest data on the Federal Government’s export...

Petrol Supply Fell By 23.88% In July, Says NNPC       The volume of petrol supplied in the country declined by 23.88 per cent in July to 1.02 billion litres, according to the Nigerian National Petroleum Corporation. The NNPC said the 1.02 billion litres translated to 32.95 million...

NNPC Records N20.36bn Trading Surplus       The Nigerian National Petroleum Corporation on Thursday announced that it recorded an increased trading surplus of N20.36bn in July 2020 compared to the N2.12bn surplus it posted in the preceding month. It announced this in its latest financial and operations report...

NNPC Extends Crude-for-fuel Swap Contracts For Six Months       The Nigerian National Petroleum Corporation has extended for six months its contracts with private companies to swap crude oil for petroleum products, Reuters reported on Wednesday. In August last year, the NNPC announced the winners of its 2019/2020...

Legal Team Saved Billions Of Dollars In Liabilities – NNPC       The Nigerian National Petroleum Corporation said on Wednesday that its litigation team had saved billions of dollars in liabilities. The NNPC disclosed this while announcing that the team had emerged the ‘Leading Case Counsel Team’ of...