Nigerians woke up today to another round of increase in the pump price of petrol as filling stations operated by the Nigerian National Petroleum Corporation (NNPC) Limited increased the pump price of fuel to N1.030 per lite in Abuja and N991 per litre in Lagos. Consequently, transport costs[Read More…]
The Nigerian National Petroleum Company Limited has pegged fuel it lifted from the Dangote refinery in September to be sold to the public at N950 in Lagos and above N1,000 per litre in the north. In a statement released on Monday by the NNPC spokesperson, Olufemi Soneye,[Read More…]
Breaking: NNPC increases fuel pump price to N897 per litre The Nigerian National Petroleum Corporation, NNPC, Limited has increased its pump price of fuel from N617 per litre to N897 per litre. The increment is coming two days after the company lamented it was owing petrol suppliers N6trillion. The[Read More…]
NNPC Reports N3.3trn profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, stated this during a media briefing on the company’s 2023 audited financial statements (AFS) on Monday. Akinyelure said[Read More…]
NNPC targets two million barrels oil production daily The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to two million barrels per day by the end of the year. The country’s daily production rose from 1.27 million barrels in June to 1.6 million[Read More…]
Dangote offers to sell refinery to NNPC over ‘monopoly’ allegation Africa’s richest businessman, Aliko Dangote has said he is willing to sell his oil refinery to the Nigerian l Petroleum Company (NNPC) Limited. Dangote disclosed this in an interview with Premium Times on Sunday. The billionaire’s statement[Read More…]
NNPC asks withdrawal of suit challenging ExxonMobil-Seplat deal The Nigerian National Petroleum Company (NNPC) Limited has filed a motion in a federal capital territory (FCT) high court, seeking to discontinue its ongoing suit against the Nigerian subsidiaries of ExxonMobil and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). On[Read More…]
NNPC, MPNU sign settlement agreement for ExxonMobil-Seplat deal The Nigerian National Petroleum Company (NNPC) Limited said it has signed a settlement agreement for the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc. According to a statement on Thursday by the national oil[Read More…]
NNPC, partner begins production of 6,000 BPD at OML 13 Nigerian National Petroleum Company Exploration and Production Limited and Natural Oilfield Services Limited have announced the commencement of oil production at Oil Mining Lease 13 in Akwa Ibom State. This was disclosed in a statement signed by[Read More…]
ASCSN urges Govt to reverse electricity tarrif Comrade Tommy Okon, the National President of ASCSN, has urged the federal government to reverse the electricity tarrif back to N66 per kWh from N225. On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff[Read More…]
