N1.3tn Subsidy Debt won’t Affect Dividend, Says NNPCL Nigerian National Petroleum Company Limited has disclosed that its outstanding N1.3tn debt to the Federal Government has nothing to do with the payment of dividends to the government. In June this year, the national oil company revealed that...

NNPCL, UTM Partner to Build First Floating Gas Plant In Nigeria  The Nigerian National Petroleum Company Limited and UTM Offshore Limited, on Thursday, signed a Heads of Terms agreement for the construction of Nigeria’s first indigenous 1.5 million tonnes per annum Floating Liquefied Natural Gas...

Fuel Marketer’s Vessel Arrival Ends NNPCL Reign  First batch of 27 million litres of petrol imported by an independent marketer has arrived in the country, ending Nigerian National Petroleum Company Limited's downstream monopoly. The vessel, ST Nnene earlier billed to arrive since last week, but was...

Reps To Probe NNPCL Over Non-remittance Of Revenue   The House of Representatives is set to commence investigations into non-remittance of revenues to the federation account by the Nigerian National Petroleum Company Limited (NNPCL). This followed the adoption of a motion, ‘Need to investigate the non–remittance of...

Market Forces Responsible for Fuel Hike, Says Kyari The Group Chief Executive Officer (GCEO) of NNPC, Mele Kyari says market forces were responsible for the increase in pump price of petrol, assuring Nigerians that there was no shortage in product supply. Kyari blamed market forces for...

JUST IN: NNPC Jerks up Fuel Price to N617 Per Litre  There are reports that the Nigeria National Petroleum Company Limited (NNPCL) has adjusted the pump price of PMS to N617 per litre. ECONOMIC CONFIDENTIAL correspondents observed this adjustment in several filling stations owned by the...