We Spent N5.3bn On Petrol Subsidy In June – NNPC     Latest figures from the Nigerian National Petroleum Corporation have shown that the oil firm made an under-recovery of N5.348bn in June this year. Under-recovery is the losses incurred by the oil firm due to the difference...

Senate Demands Probe Of $18bn NLNG Dividend To NNPC       The Senate on Wednesday directed the Accountant General of the Federation, Mr Ahmed Idris, to investigate the $18.32bn which the Nigerian Liquefied Natural Gas Limited claimed to have paid as dividend to the Nigerian National Petroleum...

Refineries Idle For 12 Months, Incur N142bn Expenses     The nation’s refineries did not refine a barrel of crude oil in the 12 months to June this year but incurred a combined operating expense of N142.07bn, the latest data from the Nigerian National Petroleum Corporation have...

Edo Refinery Applies To NNPC For Crude Supply     With the Edo Modular Refinery nearing completion, it has applied to the Nigerian National Petroleum Corporation for the supply of crude for use in the phase one development of the facility. The ERPC, in a statement by its...

In 13 Months, NNPC Generates $4.6bn From Crude Exports     The Nigerian National Petroleum Corporation on Sunday announced that it made $4.6bn as total crude oil and gas export receipts from June 2019 to June 2020. It also stated that the total crude oil and gas export...

FG Okays NNPC Oil, Gas Logistics Centre In A’Ibom — Sylva       Chief Timipre Sylva, the Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and gas logistic Centre in Akwa Ibom. Sylva gave the...