Petrol Imports Tumble 72.65% As COVID-19 Hits Demand     Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported into the country in May plummeted by 72.65 per cent, the latest data obtained from the Nigerian...

Nigeria Exported $4.47bn Crude, FAAC Got N1.83trn — NNPC     The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported from Nigeria between May 2019 and May 2020 at $4.47bn. It also stated that the corporation remitted a total of N1.83tn...

4.36m Oil Barrels Lost To Power Outage, Others – NNPC     No fewer than 14 crude oil export terminals in the country were shut down in April and May this year owing to power outage and pipeline leakage, the Nigerian National Petroleum Corporation has said. According to...

In Two Years, FG Refineries Post N406.62bn Loss     The four refineries owned by the Federal Government made a total loss of N406.62bn in two years, the latest audited financial statements of the plants have shown. The refineries, which are located in Port Harcourt, Kaduna and Warri,...

Nigeria To Get $510m From New Oil Deal     The Nigerian National Petroleum Corporation (NNPC) said it has reached an accord with its partners, to settle all outstanding issues surrounding the development of Oil Mining Lease, (OML) 130 with a prospect of raking in $510 million...

In 13 Months, Nigerians Spent N2.37trn On petrol – NNPC   In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation have shown. The corporation said on Wednesday that its total revenue generated from...