Illegal Refinery: FG Uncovers 221 Cases of Oil theft in One Week The Nigerian National Petroleum Company has revealed that no fewer than 221 cases of oil theft were uncovered across various communities of the Niger Delta region in the past week. According to the NNPC,...

PH Refinery Receives 1m Barrel Crude Oil, Gets License for Take-Off Following the mechanical completion of the Old Port Harcourt Refinery in December, last year, a total of one million barrels of crude oil has been supplied to the plant by the Nigerian National Petroleum...

Nigeria to Become Net Fuel Exporter by December – Kyari The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said Nigeria will be a net exporter of refined petroleum products by December this year, based on emerging indicators in the...

NNPCL Not Ready to Proceed with $2bn Crude-backed Loan - Kyari The Nigerian National Petroleum Company Limited, on Wednesday, said it would make an formal announcement when ready to take the earlier reported $2bn crude-backed loan. It was reported on Tuesday that NNPC was in talks...

Fuel Queues Due to Flooding, Logistics Challenges — NNPCL   The NNPC Ltd has said that the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known...

FG Begins N2.7tn Subsidy Debt Probe The Federal Government has begun the proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited (NNPCL). An audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn. However, in the...