FAAC Tackles NNPCL Over $55m NLNG Dividend   The Federation Account Allocation Committee (FAAC) has launched an investigation to find out what the Nigerian National Petroleum Corporation Limited (NNPCL) did with some dividends from the Nigerian Liquified Natural Gas (NLNG). NLNG is a Nigerian natural gas company...

In Q1/2023, NNPC Retail Made N18.4 Billion – Mele Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that NNPC Retail made N18.4 billion in the first quarter of 2023, after acquiring OVH Energy in 2022. Kyari said...

NNPCL: 150 Crude Oil Theft Incidents Occurred In 7 Days   The Nigerian National Petroleum Company Limited (NNPCL) has said that between August 26 and September 1, 2023, there were 150 crude oil theft incidents mainly across Bayelsa, Rivers, Imo and Delta states. The company stated this...

NNPCL Set to Fix Vandalised Pipelines Amidst Fuel Scarcity The low supply of Premium Motor Spirit, popularly called petrol, being experienced in parts of Lagos and South-Western States may drag till the end of September, and might spread to other locations if not addressed in...

$3bn Afrexim Bank Loan: NNPCL Followed Due Process   Facts have emerged that contrary to reports due process was followed in securing the Nigeria National Petroleum Company Limited (NNPCL) in the $3 Billion Afrexim bank Loan. The $3 billion loan deal, which was signed in Cairo a...

Petrol Price : Marketers Kick As FG Rules Out Hike   Oil marketers, on Tuesday, advised President Bola Tinubu to gradually relax the removal of subsidy on Premium Motor Spirit, popularly called petrol, following the inability of importers to access the United States dollars and the...