Nigeria’s national oil company said the government has no immediate plans to increase gasoline prices, days after fuel marketers and Nigerian National Petroleum Corporation’s (NNPC) management called for t...
Nigerian National Petroleum Corporation (NNPC) has weighed overall losses in nation’s oil revenues in 2013 amounting to $518m due to inefficiencies in oil swaps and offshore processing agreements, reported Vangu...
The Niger Delta Avengers, a militant group operating in Nigeria’s oil-producing Niger River region, claimed responsibility for another five new attacks in the southern energy hub since July 1st, reported Reuters. In m...
The fuel supply and distribution situation in Abuja, Nigeria, and environs is gradually improving following the increase in truck out of fuel, from 186 to 240 trucks. The Nigerian National Petroleum Corporation (NNPC)...
The Nigerian National Petroleum Corporation (NNPC) informed that production at the Kaduna refinery plant is expected to restart by mid-April, Reuters reported. NNPC halted crude flows to the 110,000b/d refinery in the...
Nigeria is in talks with oil majors Chevron, France’s Total and Italy’s Eni to receive help for revamping its ailing refineries, country’s Oil Minister, Emmanuel Ibe Kachikwu, told Reuters. Kachikwu...
Nigerian President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to import additional crude oil volume to guarantee supplies of Premium Motor Spirit (PMS) petrol with a goa...
Nigeria’s Auditor General has denounced that Nigerian National Petroleum Corporation (NNPC) withheld $16b in revenues from the federal government in 2014, the same year that the then Central Bank Governor was su...
Nigerian trade unions shut down offices of the Nigerian National Petroleum Corporation (NNPC) in protest against government’s plans to reorganize the company by splitting it into 7 independent units, the Premium...
Nigeria’s national oil company (NNPC) is undergoing a major shake-up as President Muhammadu Buhari has unbundled it into seven independent operational units, DailyPostNg reported. Oil Minister, Emmanuel Ibe Kachikwu, ...