NNPC to Recover $184m in Crude Swap Under-Deliveries

• Sunday, 26th March 2017
• by

Three oil companies have agreed to refund the Nigerian National Petroleum Corporation (NNPC) by over $184m in product under-deliveries recorded against them during the now defunct crude for product swap system.

Nigeria’s Central Bank Releases Fuel Forex

• Wednesday, 22nd March 2017
• by

The Nigerian National Petroleum Corporation (NNPC) announced late March the release of foreign exchange (Forex) by the Central Bank of Nigeria (CBN) to marketers to import diesel and aviation fuel.

NNPC to Invest $15b in Gas-Based Power Plants

• Tuesday, 21st March 2017
• by

NNPC announced late March its plan to invest about $15b in building gas-based power plants with combined generation capacities of 4,000MW to boost electricity supply in the country over the next 10 years.

Nigeria Receives 128 Bids for Oil-for-Fuel Swaps

• Sunday, 5th March 2017
• by

Nigeria's state oil company received 128 bids from companies that want to exchange processed fuels for as much as 800,000 b/d of unrefined crude in 2017.

Nigeria: NPDC to Witness a 500,000b/d Production Boost by 2020

• Thursday, 2nd March 2017
• by

The Nigerian Petroleum Development Company (NPDC) will see its production grow to 500,000 b/d by 2020, according to a new commitment made by the Nigerian National Petroleum Corporation (NNPC).

NNPC Recorded $2.45b Crude Oil Export in 2016

• Tuesday, 21st February 2017
• by Sarah Samir

The Nigerian National Petroleum Corporation (NNPC) recorded $2.45b crude oil export sales in 2016.

Nigeria, Niger Enter Joint Pipeline Agreement

• Sunday, 12th February 2017
• by Sarah Samir

Officials at the Nigerian National Petroleum Company (NNPC) stated that NNPC and the Federal Government joint venture with Niger Republic will run crude oil pipeline that will provide oil to the Kaduna Refining & Pet ...

Nigeria Seized $9.8m from NNPC Ex-Manager

• Friday, 10th February 2017
• by Sarah Samir

Nigeria's anti-corruption body seized $9.8m in cash from the former Head of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, as part of the country's continuous struggle against corruption.

Nigeria to Stop Importing Fuel by 2019

• Tuesday, 7th February 2017
• by Sarah Samir

Nigeria will stop importing refined petroleum products by 2019.

NNPC Received 128 Oil-for-Fuel Bids

• Sunday, 5th February 2017
• by Sarah Samir

The Nigerian National Petroleum Corporation (NNPC) announced it has received 128 bids from companies that are interested in swapping processed fuel for 800,000b/d of unrefined crude in 2017.