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The Nigerian National Petroleum Company Limited is facing growing financial pressure as debts owed by its subsidiaries and related entities surged to ₦30.30 trillion as of the end of 2024.…
The Nigerian National Petroleum Company Limited has reported a Profit After Tax of N5.4tn for the 2024 financial year, marking one of its strongest outcomes since becoming a limited liability…
The Nigerian National Petroleum Company Limited (NNPC) plans to partner with private sector operators to rebuild and modernise its four refineries – located in Port Hacourt, Warri and Kaduna –…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said $18 billion of revenue expected to address the nation’s under-development is diverted yearly in illicit financial flows (IFFs). Presenting a report…
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23.…
Nigerian National Petroleum Corporation says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day. The corporation disclosed this in a statement signed by…
The federal government will present the 2019 budget to the National Assembly in September in a bid to restore the January to December budget cycle. Minister of State for Budget…
Worried about the implications of fuel queues at this time of the year, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday ordered the Nigerian National Petroleum…
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu recently erote a letter to President Buhari, expressing his discontentment with certain incidents going on in the oil and gas…