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NNPCL Rules Out Sale Of P’Harcourt Refinery

NNPCL Rules Out Sale Of P’Harcourt Refinery The Nigerian National Petroleum Company Limited has declared that the Port Harcourt Refining Company is not for sale and also confirmed its intention to raise additional funding to complete the rehabilitation of PHRC and the other two refineries...

Senate Gives NNPC Three Weeks to Respond to N210tn Audit Query

Senate Gives NNPC Three Weeks to Respond to N210tn Audit Query The Senate on Tuesday gave the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, three weeks to respond to queries raised in audit reports covering the period from 2017...

NNPC Boss Pledges to Fast-track $2.8bn AKK Pipeline Project

The Group Chief Executive Officer of Nigerian National Petroleum Company Ltd (NNPCL), Bayo Ojulari, has assured of the speedy delivery of the $2.8bn Ajaokuta–Kaduna–Kano Natural Gas Pipeline project, adding that the project will unlock economic prosperity when it comes on board.

US Now Net Exporter of Crude to Nigeria – Report

US Now Net Exporter of Crude to Nigeria - Report The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the United States East Coast slowed due to refinery maintenance. The US Energy Information Administration said...

NNPC Oil Revenue Declines by 23.9%

The Nigerian National Petroleum Company (NNPC) Limited has reported a sharp decline in oil revenues in June, falling to the lowest point in three months as global crude prices remain unstable.

Public Debt may Hit N160.6trn by December, Report Suggests

Nigeria’s total public debt could rise to N160.6 trillion by the end of 2025, raising new concerns about the country’s deepening fiscal vulnerabilities.