NNPC
Nigeria’s oil earnings are projected to experience a substantial boost, potentially reaching ₦6.9 trillion monthly, as the country’s oil production continues to rise. This development is expected to have a positive impact on the nation’s economy. The increase in oil production is attributed to the efforts of the Nigerian National Petroleum Company Limited (NNPC) to […]
The Nigerian National Petroleum Company Limited (NNPCL) has announced the cessation of N24 trillion fuel imports, opting instead to source petroleum products from the newly operational Dangote Refinery. Key Highlights: – NNPCL ends fuel importation after 66 years – Dangote Refinery to supply 650,000 barrels per day – Local refining capacity increases to 1.1 […]
The Nigerian National Petroleum Company Limited (NNPC) has unveiled revised estimates for the price of Premium Motor Spirit (PMS), commonly known as petrol, purchased from the Dangote Refinery. While the projected retail price remains consistent, the NNPC has adjusted the breakdown of costs associated with the transaction. Notably, the Nigerian Midstream and Downstream Petroleum Regulatory […]
The Nigerian National Petroleum Company Limited has disclosed that another 63 illegal refineries were discovered and confiscated in the past week. It was revealed in a documentary that the fight against oil theft was yielding results. According to the NNPC, about 177 incidents were recorded between August 3 and 9 by different incident sources, like […]
Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn due to theft, vandalism, and other criminal activities, the House of Representatives declared on Thursday. As a result, the House of Representatives Special Committee on Oil Theft and Losses commenced investigations into the illegal lifting of […]
Nigeria may add 480,000 barrels to its daily crude oil output as the Nigerian National Petroleum Company Limited and ExxonMobil took a step towards resolving the disagreement surrounding the sale of the latter’s asset to Seplat Energy. On Thursday, the NNPCL confirmed it had signed a settlement agreement with ExxonMobil companies in Nigeria over the […]
Lagos, Nigeria: The massive Dangote Petroleum Refinery has received its fourth shipment of one million barrels of Bonny Light crude oil, fueling anticipation for its imminent launch. The Nigerian National Petroleum Corporation Limited (NNPC) delivered the crucial supply, with the $20 billion refinery expecting a fifth shipment shortly. This marks a significant development, adding to […]
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