The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has said that the Federal Government will continue to determine fuel prices despite the firm’s transitioning to a commercial...
Nigeria spent 1.274 trillion naira ($3 billion) on fuel subsidies in the first five months of this year, a document sent by state oil firm NNPC’s to the government on oil and gas revenue distribution...
A Fitch Ratings Agency has noted in a report released yesterday that Nigeria’s rising inflation was dampening the country’s economic growth and eroding consumer purchasing power. It said persistently high inflation remains a key macroeconomic weakness,...
To arrest the crippling energy crisis in the country, the Nigerian National Petroleum Company Limited has said it would use the nation’s vast gas resources as a transition fuel going by the recent global push...
Against the backdrop of the widespread report of merger talks between the New Nigeria Peoples Party (NNPP) and the Labour Party (LP) for the 2023 Presidential election, the NNPP has said such talks never existed. Reports...
Subsidy on Premium Motor Spirit, popularly known as petrol, rose to N947.51bn between January and April 2022, according to the Nigerian National Petroleum Company Limited data. The data showed a monthly rise in PMS subsidy spending...
The ongoing rehabilitation of the Port Harcourt refinery will be completed by March 2023, the Nigerian National Petroleum Company Limited (NNPC) has said. NNPC Group Managing Director Mele Kyari who made this known at the resumed...
The Nigerian National Petroleum Company Limited (NNPC) Limited and its Joint Venture (JV) partner, Sahara Group, yesterday took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan,...
TotalEnergies has launched the sale of its 10 per cent stake in Nigerian joint venture with the Nigerian National Petroleum Company (NNPC) Limited and Shell Petroleum Development Company, (SPDC) and Eni. The oil major has appointed...
The Federal Inland Revenue Service (FIRS) has listed the Nigeria National Petroleum Company (NNPC) Limited as the country’s highest taxpayer in 2021. It also listed Nigeria LNG Ltd as the most supportive taxpayer for the year. The...