NNPCL Appoints New Spokesperson   A member of the Guild of Corporate Online Publishers, Olufemi Oladapo Soneye, has been appointed the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL). The Management of the national oil company in Nigeria confirmed the appointment in a...

Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn   The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the firm, findings showed on Sunday. NNPCL,...

FG Says 23 Oil Blocks Failed to Produce Crude   No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited (NNPCL) failed to produce crude or were...

Afreximbank Engages Oil Traders in NNPCL $3bn Loan Funding The African Export-Import Bank, Afreximbank, has commenced talks with oil traders for the execution of the $3 billion emergency loan to Nigeria through the NNPC Limited. An authoritative oil market source told Reuters this yesterday. The loan comes...

NEITI Knocks NNPCL Over Failed 2.8tn Tax Payment The Nigerian National Petroleum Company Limited did not pay approximately N2.8 trillion in taxes to the Federal Government in 2022, according to the Nigerian Extractive Industries Transparency Initiative. In its newly released ‘2021 Oil and Gas Industry Report’,...

FG Spends N34bn on Vandalised Pipelines in 18 Months -Report The Nigerian National Petroleum Company Limited spent almost N34.47bn to repair and manage pipelines in 18 months due to the pipeline vandalism challenges faced in the country. The latest Oil and Gas Report released by the...