Breaking: NNPC not broke, says official

The NNPC remains in positive financial trajectory for the period in question.

More trouble for Nigeria as fuel subsidy wipes off oil revenue

Accordingly, the AGF is invited to note that the sum of N111,966,456,903.74 will be deducted from April 2021 Oil and Gas Proceeds due to the Federation in May 2021, which will translate to zero remittance to the Federation Account from NNPC in the month of May 2021.”

NNPC refineries idle for 19 months, record N177.21bn loss

The overall contract’s value is about $1.5bn, and the project entails EPC activities for a full rehabilitation of the Port Harcourt refinery complex, aimed at restoring the complex to a minimum of 90 per cent of its nameplate capacity.

Fuel subsidy rises to N500bn, NNPC rules out price hike

“Following GMD #NNPC Mallam @MKKyari’s intervention in the National Association of Road Transport Owners/Petroleum Tanker Drivers impasse, PTD has just announced the suspension of its planned strike until closure of discussion between both parties.

NNPC, marketers differ on petrol price, queues surface

“And because the PPMC has not come out with its price schedule for February, this made tank farms to withhold products because they don’t know if price will increase or decrease. But definitely it is going to increase.”

Disabled people obstruct NNPC headquarters in puzzling protest

Their presence stopped NNPC and visitors from leaving or going into the building.

NNPC set to convert 1m petrol cars to autogas free of charge

“All the 1 million cars that we promised will be done through a structure that the ministry of petroleum resources will put in place to ensure that any Nigerian who has to convert his car will get it done for free.”

President Buhari urges Nigerians to use more of gas as alternative to petrol

“The Minister of State Petroleum Resources is hereby directed to commence the process of hand over of mass transit buses to Organized Labour as part of our government's pledge to continue providing support that will ease the transportation challenges Nigerians are facing at this time.’’

First time in 43 years, NNPC presents first budget to N’Assembly

Refineries can’t work until crude pipelines are functional

EFCC: Dasuki, ex-NNPC GM allegedly spent N2.2bn on prayers against Boko Haram

“When we asked him to provide the names, contacts and phone numbers of the clerics he hired to pray for the nation, he mentioned only two.”

NNPC, IPMAN allay fears over fuel scarcity, caution against panic buying

“People should not fear and embark on panic buying as there is enough fuel on ground."

Nigeria refineries set to kick off operations, NNPC

Kyari said construction activities were expected to begin in the first quarter of 2021, while financial close would be achieved for the Port Harcourt refinery by November 2020.

Oil marketers list gains of PMS deregulation to Nigerians

The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known...

NNPC ‘gets $1bn’ to fund upstream operations of NPDC

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of approximately $1 billion to support the upstream operations of...

Breaking: NNPC raises petrol price to N151 per litre

The Petroleum Products Marketing Company (PPMC) has increased the price of petrol from N138.62 per litre to N151.56 per litre. 

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WHO praise Africa on covid-19 management

The WHO DG noted that there has been a decline in COVID-19 cases and deaths in Africa since January, but warned that countries must not let their guard down.

Ogun traditional council disowns ‘Oba’ caught in romance scandal

The council described Tejuoso’s action, arrest and detention as embarrassing, saying that he is not a qualified traditional ruler of the community but rather an impersonator.

Five APC Ward Chairmen in Benue defect to PDP with thousands of supporters

Speaking on behalf of the defectors, Ibrahim Alhassan formerly of the APC Central Mission Ward said their decision to join the PDP was to team up with the Governor who they noted had done well in tackling the security challenges confronting the state.

Recruitment: NDLEA releases candidates list for final screening

the names of the candidates are listed on the agency’s website and advised candidates to report at NDLEA headquarters, No. 6, Port Harcourt Crescent, Off Gimbiya Street, Area 11, Garki, Abuja