The Nigerian National Petroleum Corporation, NNPC, has imported 38.7 million liters of aviation fuel to reduce the scarcity of the product. Managing…
Oil and Gas
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Borno State, Nigeria has officially joined the league of oil-producing states in Nigeria, as the Federal Government has said that crude oil…
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The crisis in the Niger Delta region has taken a significant toll on the Nigerian economy since the beginning of the year…
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Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru, said Nigeria lost about $6.2 billion in 2015v alone as a…
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NNPC has reiterated its determination to maximize the participation of Nigerians in local projects to raise the bar of Nigerian content policy.…
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The Ministry of Petroleum Resources has disclosed that the decision of the Organisation of Petroleum Exporting Countries, OPEC, to exempt Nigeria from…
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The Group Managing Director of NNPC, Dr Maikanti Baru, has reiterated the commitment of the corporation to upgrade and expand Kaduna Refining…
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NNPC yesterday said it received 224 bids from crude oil traders who want to purchase and sell Nigeria crude. The number show…
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—GDP drops by 2.24% — oil production averaged 1.63million barrels per day — non-oil sector grew by 0.03% —-manufacturing fell by…
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The Nigerian National Petroleum Corporation (NNPC’s) under-funding cash calls hit 2.5 billion dollars in 2016, says Dr Maikanti Baru, its Group Managing…
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Dangote Group said its 650,000 barrels per day capacity refinery currently under construction in Lagos would come on stream by the end…
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BusinessEconomyFinanceNewsOil and Gas
FG, World Bank sign risk guarantee agreement for $500m Calabar gas plant
The Federal Government and the World Bank have signed a Partial Risk Guarantee (PRG) agreement for the supply of gas to the…
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The Nigerian National Petroleum Corporation (NNPC) has reported a month-end trading deficit of N11.22 billion in August. The figure was obtained on…
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The market capitalisation of the Nigerian Stock Exchange (NSE), appreciated by N11 billion or 0.12 per cent to close at N9.360 trillion…
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The Nigerian National Petroleum Corporation (NNPC) has said that from January 2016 till date, government lost $7bn, about N2.1tn, to the activities…