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Government has no business running refineries — Osinbajo

Vice President, Prof. Yemi Osinbajo, says the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run them, saying that the Federal Government has no business running oil refineries in Nigeria.

NNPC announces a trading surplus of N20.4bn

The Nigerian National Petroleum Corporation, NNPC, says it made a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.

Total Nigeria aims for N76bn revenue in Q4

Total Nigeria Plc aimed to achieve N75. 67bn revenue for the fourth quarter of 2020. The Punch reports that the oil firm in its Q4 earnings forecast obtained from the Nigerian Stock Exchange also projected N 66. 24bn as the cost of sales for the period.

Pipeline repairs gulp N41.98bn – NNPC

A total of N 41. 98 billion was spent on pipeline repairs and management cost in the first half of this year, the Nigerian National Petroleum Corporation disclosed in its latest monthly oil report.
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