Fuel Scarcity: We’ve distributed one billion litres, expecting another 2.3...
The Nigerian National Petroleum Corporation Limited (NNPC) says it is distributing one billion litres of safe Premium Motor Spirit (PMS), known as petrol, in its stock to various fuel stations...
View ArticleNNPC insists on the availability of one billion litres of petrol with a...
The Nigerian National Petroleum Corporation (NNPC) has assured that the organisation has enough petrol to address the supply gap in the country, saying there are one billion litres of the product in...
View ArticleScarcity lingers, black marketers sell petrol at N1,000/litre in Kaduna
Residents of Kaduna groaned on Wednesday as black marketers sell Premium Motor Spirit, popularly known as petrol for N1,000 per litre in parts of the state. This comes amid the fuel scarcity that hit...
View ArticleCBN forecasts 3.24% economic growth in 2022 despite rising inflation
The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, inspite of rising inflationary challenges occasioned by global socio-economic events. Mr...
View ArticleLow load-outs at depots responsible for sudden fuel queues in Abuja — NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the sudden appearance of fuel queues in parts of Abuja is due to low load-outs at depots. A statement by Garba Muhammad, Group General...
View ArticleJPMorgan removes Nigeria from emerging market sovereign list
JPMorgan, the global leader in financial services, has removed Nigeria from its list of emerging market sovereign recommendations that investors should be ‘overweight’ in. According to Reuters, the...
View ArticleNNPC Ltd. is not recruiting — Management warns public
The management of NNPC Ltd has notified the public that it is currently not recruiting. This was contained in a statement issued in Abuja by the Group General Manager, Group Public Affairs Division, Mr...
View ArticlePHOTOs: Meet the three women on NNPC Limited Board
When it comes to Nigeria’s petroleum industry’s political appointees, Diezani Alison-Madueke, comes to mind. In April 2010, she was appointed as the first woman Minister of Petroleum Resources in...
View ArticleReport: NNPC Ltd reportedly Terminates Appointments of 500 Staff
Tension is said to have gripped staff of the Nigerian National Petroleum Company Limited (NNPC) after 500 were reportedly sacked. According to BusinessDay standards, those affected have already...
View ArticleCameroon, Mali depend on smuggled PMS from Nigeria — NNPC Limited
NNPC Limited has said some West African and Central African countries including Cameroon and Mali have stopped importing petroleum products and depend solely on smuggled products from Nigeria. Umar...
View ArticleNNPC declares N674bn profit for 2021
The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a profit after tax of N674 billion for the financial year ended December 31, 2021. This was stated by the Group Chief Executive...
View ArticleNNPC is set to spud the first oil well in Nasarawa state
The Nigerian National Petroleum Company Limited is set to spud the first oil well in Nasarawa state in March 2023, in continuation of its oil exploration activities in the country’s inland basins. The...
View ArticleFuel Scarcity: We’ve 1.8bn litres of petrol in stock — NNPCL
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has 1.805 billion litres of petrol in stock. Its spokesman, Malam Garbadeen Muhammad, stated in Abuja on Monday that the volume of...
View ArticleNNPC has resumed oil exploration in the Lake Chad Basin in Borno state
The Nigerian National Petroleum Company Limited (NNPC) has resumed oil exploration in the Lake Chad Basin in Borno state. The corporation had stopped the process in 2017. President Muhammadu Buhari is...
View ArticleReps call for arrest of FIRS boss for aiding tax evasion by oil companies
The report of the House of Representatives ad hoc Committee investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contract (PSC)of NNPC has indicted...
View ArticleNNPC confirms increase in fuel price, says ‘regret any inconvenience’
The NNPC Limited has confirmed the increase in fuel prices across the nation. NewsWireNGR reports the price of fuel skyrocketed following panic buying by Nigerians after the inaugural speech of...
View ArticleThere is provision for subsidy but no funding – NNPC
Alhaji Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC), has disclosed there is a provision for subsidy but no single naira was budgeted for its funding in the 2023...
View ArticleNNPC terminates crude-for-petrol swap contracts with foreign refiners
Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, says the company has terminated its crude-for-petrol swap deal, otherwise called Direct Sale...
View ArticlePHOTOs: Hoodlums attempt to steal fuel from NNPC Pipeline in Lagos
The police command in Lagos State says its operatives have foiled an attempt by hoodlums to steal oil at the Nigerian National Petroleum Corporation (NNPC) Pipeline. The command’s spokesperson, SP...
View ArticleThe price of Petrol has increased to about N617 per litre nationwide
The price of Petrol has increased to about N617 per litre, Daily Trust reports. A visit to an NNPC filling station in the Central area of Abuja by this reporter confirmed that the fuel price has now...
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