Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry
The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.
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Scrap ‘Money Pit’ NNPC – Sanusi Backs Gov. El-Rufai
The former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, has joined Kaduna State Governor, Nasir El-Rufai, to demand for the scraping of the Nigerian National Petroleum Company Limited (NNPC). Sanusi, over the weekend, said NNPC Limited should be disbanded,
El-Rufai Is Confused – NNPC Limited Slams Kaduna Governor Over Oil Comment
The Nigerian National Petroleum Company, NNPC, Limited has countered the claims made by Governor Nasir El-Rufai of Kaduna State regarding the performance of the oil firm. Prime Business Africa had reported El-Rufai described NNPC Limited as a failure, stating that whatever the
NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says
The Nigerian National Petroleum Company, NNPC, Limited has not remitted even N20,000 to the federal account this year according to the Kaduna State Governor, Nasir El-Rufai. El-Rufai revealed this on Thursday, stating that the NNPC Limited should be privatised as it has
Ex-militant, Tompolo, Makes New Revelation About Illegal Crude Oil Sites In Nigeria
Ex-militant, Government Ekpemupolo, also known as Tompolo, revealed that in the Nigeria Delta region, there are 58 illegal crude oil tapping sites. Tompola’s revelation comes after the Nigerian National Petroleum Corporation (NNPC) Limited discloses that a 4km illegal pipeline was discovered in Delta
Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production
Nigeria’s oil revenue will fall next year according to the projection made by President Muhammadu Buhari on Thursday during the presentation of 2023 budget to the National Assembly. Prime Business Africa had reported that President Buhari presented N20.51 trillion budget, which he
Joe Biden’s Gov’t Criticises Nigeria, Other OPEC+ Members, As They Clash Over Oil Price
Nigeria, and other members of the Organisation of the Petroleum Exporting Countries Plus (OPEC+) have been slammed by the United States government over cut in production level. The United States government said the members of OPEC+ are “shortsighted” and has threatened to
NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings
Over $150 million is lost daily by the country according to the Chief Financial Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Umar Ajiya. Pipeline vandalism and sideline production have been preventing the Nigerian oil industry from performing optimally, resulting
Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months
Over N674 billion has been declared as profit after tax for 2021 by the Nigerian National Petroleum Corporation (NNPC) Limited, which recently acquired Oando retail business, OVH Energy Marketing. The net profit rose by 134.8 per cent year-on-year growth from N287 billion
Gas leaks From Russia’s Major Pipes Raise Concerns Of Sabotage, Harsh Winter In Europe
Leaks from Nord stream 1 and 2, the major gas pipelines from Russia to Europe has prompted questions and investigations of sabotage from European countries like Germany, Denmark, Poland and Sweden while Ukraine says it is an act of aggression by Russia
Local Content: NCDMB Targets $14bn Return On Oil & Gas Industry Spend By 2027
In its quest to create jobs and boost the national economy through the implementation of the Local Content Law, the Nigerian Content Development and Monitoring Board (NCDMB) said it targets retaining $14 billion of the total annual spending in the oil and
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