The Nigerian National Petroleum Corporation has spent a total of N53.36bn on pipeline repairs and management cost from January to November.
The Nigerian National Petroleum Corporation has signed two key agreements with the Nigerian Content Development and Monitoring Board, Brass Fertilizer and Petrochemical Company Limited and DSV Engineering for the construction of a methanol plant and a gas processing plant in Odeama, Brass, Bayelsa State.
The Nigeria Liquefied Petroleum Natural Gas company has generated $114bn revenues for the country, says President Muhammadu Buhari.
The Department of Petroleum Resources (DPR), has advocated for market-based approach to gas pricing, stating that this is crucial to attaining the gas-driven economic transformation agenda of the country.
The managing director, Rain Oil Limited, Dr. Gabriel Ogbechie has urged Investors to deepen their investments in gas in order to attract maximum benefits to Nigeria’s economy.
The supply of Premium Motor Spirit (petrol) by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to neighbouring countries.
The current ex-depot price of Premium Motor Spirit (petrol) would be maintained until the conclusion of ongoing engagement with the organized labour and other stakeholders, says Nigerian National Petroleum Corporation (NNPC).
The Nigerian National Petroleum Corporation (NNPC) has announced an increase of ₦24.19billion trading surplus in December 2020, compared to the ₦13.43billion surplus recorded in November of the same year.
The Nigerian National Petroleum Corporation (NNPC) NNPC says it can no longer afford to bear the N120 billion monthly subsidy cost it expends on Premium Motor Spirit (PMS) popularly known as petrol, saying Nigerians would have to pay the actual cost sooner or later.
The latest data obtained from the National Bureau of Statistics revealed that the amount spent on the importation of Premium Motor Spirit (petrol) last year rose by 17.54 per cent to N2.11tn.