NNPC obtains $1 billion to fund upstream operations of NPDC
The Nigerian National Petroleum Corporation, NNPC, yesterday, said, it has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary,...
Tag : Crude Oil
NCDMB: Oil industry content development saves Nigeria $2 billion
Following the implementation of Nigerian Oil and Gas Industry Content Development (NOGICD) Act in the Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train-7...
Zenith Bank chief calls for promotion of non-oil exports
Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for a concerted effort towards diversifying the country’s export base through the promotion...
Agip: Rivers oil leakage not from our facility
The Nigerian Agip Oil Company (NAOC) has denounced reports its facilities spewed crude oil into the Orashi River in Rivers State. A statement on Thursday...
Nigerian bank boosts oil production with $200 million facility
The United Bank for Africa Plc (UBA) has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part...
Algeria allows first Islamic finance products by state banks
Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources to...
NNPC to sue Mexican oil firm over ‘stolen 48 million barrels of crude’
The Nigerian National Petroleum Corporation (NNPC) says it is taking legal action against a Mexican international oil firm which it accused of being a crime...
PPPRA accused of secrecy in indices guiding petroleum pump price
The Women in Energy Network (WIEN) has accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of secrecy in the computation of the indices guiding pump...
NNPC increases gas supply to power sector by 19 percent
The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in...
Nigerian government explains reasons behind deregulation policy
The federal government has said in view of recent misguided comments and innuendos, it has become expedient for the Ministry of Petroleum to explain misconceptions...