NNPC
The Organisation of Petroleum Exporting Countries (OPEC) has reported that Nigeria’s average daily crude oil production rose to 1.27 million barrels per day (bpd) in June. In its monthly oil market report released yesterday, the oil cartel indicated that this production data was derived from direct communication with Nigerian authorities. OPEC gathers data on crude […]
The Federal Government is gearing up for a comprehensive reassessment of the N2.8 trillion fuel subsidy claims by the Nigerian National Petroleum Company Limited (NNPCL), signalling a renewed effort to scrutinize financial obligations in the energy sector. Initially audited by KPMG, the subsidy claims have been revised downward from N6 trillion to N2.7 trillion, prompting […]
In a bid to allay fears amidst recent petrol scarcity concerns, the Nigerian National Petroleum Company (NNPC) Limited has issued a reassuring statement, emphasizing its abundant stockpile of over 1.5 billion litres of premium motor spirit (PMS), commonly known as petrol. Mr. Olufemi Soneye, Chief Corporate Communications Officer of NNPCL, underscored the importance of avoiding […]
President Bola Ahmed Tinubu’s administration is gearing up to mark its first anniversary with a groundbreaking initiative set to revolutionize Nigeria’s transportation sector. Ahead of May 29, the administration is poised to roll out the first batch of compressed natural gas (CNG) vehicles, comprising buses and tricycles, as part of its commitment to transitioning away […]
The Nigerian National Petroleum Company Limited (NNPC) has intensified efforts to curb the rampant menace of crude oil theft in the country, seeking support from the Economic and Financial Crimes Commission (EFCC) in this critical endeavour. During an interactive session held at the NNPC Towers in Abuja, Mr Mele Kyari, the Group Chief Executive Officer […]
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