The Nigerian National Petroleum Company (NNPC) Limited lost $1.068 billion oil revenue in one month as the corporation struggles to curb crude oil loss, preventing the firm from remitting into the federal
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The Federal Government has approved Seplat’s acquisition of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, after the Nigerian National Petroleum Company (NNPC) initially block the deal. In a statement released
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The Minister of State for Petroleum Resources, Timipre Sylva, has blamed Nigerian oil marketers for the increase of fuel price across filling stations within the country, amid scarcity. Sylva said the government
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In a typical Nigerian manner, the NNPC threw a big party in Abuja last Tuesday to announce its transformation from a state-owned enterprise to state-owned commercial enterprise, changing from Nigerian National Petroleum
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Cultural Credibility Development Initiative (CCDI), a socio-cultural/political group, has called on the Nigerian National Petroleum Company (NNPC) to reverse the new petrol price for the South-East as the region seems to be
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Oando, MRS, and some filling stations have began selling Premium Motor Sprirt (PMS) above N165, three weeks after the Federal Government threatened to revoke license of firms that hike fuel price. Prime
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Seplat Energy Plc’s plan to acquire ExxonMobil’s shallow water business in Nigeria, Mobil Producing Nigeria Unlimited (MPNU), has hit the rock following a lawsuit filed by the Nigerian National Petroleum Company (NNPC)
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The Nigerian National Petroleum Company (NNPC) Limited has increased price for premium motor spirit (PMS) at its filling stations amid fuel scarcity. Prime Business Africa gathered that NNPC retail stations hiked fuel
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The House of Representatives Speaker, Femi Gbajabiamila, criticised Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, and three others for failing to appear before the lawmakers. Nigeria’s green
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The Nigerian National Petroleum Corporation (NNPC) has been accused by the House of Representatives member, Sergius Ose-Ogun, of using the subsidy regime to divert about $10 billion. $10 billion, going by the
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