'NNPCL Remitted Zero Allocation To Federation Account In 2022'   The Nigerian National Petroleum Company Limited (NNPCL) remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the Chief Financial Officer, NNPCL, Umar...

NNPCL, FG to Remit Dollar Revenue to CBN to Boost FX, Says Cardoso The Nigeria National Petroleum Corporation Limited and the Ministry of Finance have agreed to remit all their dollar revenues to the Central Bank of Nigeria, CBN, to boost the nation’s External Reserves...

Oil Marketers Kick as NNPCL Delays Petrol Supply   Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have berated the Nigerian National Petroleum Company Limited (NNPCL) for alleged delay in the supply of petroleum products. As a result, the marketers said they...

Dangote Refinery to Sell Petroleum Products in Naira Oil marketers says refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters. Dealers in the downstream oil sector also stated...

NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan   The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import Bank last year. NNPCL disclosed this...

Nigeria’s Crude Oil Production Rises 1.4mbd, Says OPEC  The Organisation of the Petroleum Exporting Countries said Nigeria’s crude oil production rose to 1.418mbpd in December 2023. OPEC, in its Monthly Oil Market Report for January 2024, said Nigeria’s crude oil production increased by 100mb/d, from 1.319mbpd...