Oil and Gas
NMDPRA grants operational licence to Edo refinery
The management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued an operational licence to Edo Refinery...
NNPC repays 60% of $1 billion loan for stake in Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) said it has repaid 60 per cent of a $1.036 billion loan it...
NNPC pays N1.17 trillion taxes, royalties to FG in 2023
The Nigerian National Petroleum Company Ltd (NNPCL) has said that it paid a total of N1.17 trillion as taxes and...
We are not paying subsidy – NNPCL
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted media reports that it got presidential approval to pay subsidy...
FG to begin crude oil sales in Naira October
The Federal Government will begin crude oil sales in Naira to Dangote Refinery and others in October. Director Press and...
NNPC posts N3.3 trillion net profit, declares N2.1 trillion dividend
The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the...
Tinubu approves fuel subsidy payment – Report
President Bola Tinubu has approved the request of the Nigerian National Petroleum Company Limited (NNPCL) to use the 2023 dividends...
Fuel queues resurface in Lagos
Fuel queues have resurfaced in Lagos as many filling stations ran out of stock, leading to closures and long lines...
Marketers involved in illegal fuel peddling to lose license – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said it will clamp down on and withdraw the licences...
Kyari urges military to sustain onslaught against crude oil theft
The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude...