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Business

NNPC obtains $1 billion to fund upstream operations of NPDC

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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,...
Business

Oil marketers debunk NNPC’s N5.35 billion petrol subsidy payment claim

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Oil marketers have denied receiving petrol subsidy payments in June 2020 as disclosed by the Nigerian National Petroleum Corporation (NNPC) in its latest operations report....
Business

NPPC chief lists parametres to sustainable growth in Nigeria petroleum industry

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For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam...
Business

NNPC records 43% drop in oil pipeline vandalism in May

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The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by...
Business

NNPC returns to profitability, records N2.68 billion surplus

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The Nigerian National Petroleum Corporation, NNPC, Wednesday, announced a trading surplus of N2.68 billion for May 2020, compared to a deficit of N30.81 billion recorded...
Business

NNPC to sue Mexican oil firm over ‘stolen 48 million barrels of crude’

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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...
Business

Explosion kills 7 at NPDC’s Benin River valve station

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The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC),...
Business

NNPC announces top-management level appointments, redeployments

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The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and...