NNPC
Economic Council approves $4.5b crude oil backed loan refinance for NNPC
By Emeka Anaeto The National Economic Council (NEC) has approved the refinancing of NNPC Limited’s $3.3 billion oil-backed pre-export finance facility through a new $4.5 billion arrangement. According to a
NNPC Selects 26 Firms to Lift Nigeria’s Crude Oil
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. The
N120b petrol subsidy to double as CBN adjusts exchange rate
As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions
NNPC Picks 16 Companies for New Crude Swap Deal as Oil Hits $70
The Nigerian National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August. A report on Wednesday by Reuters listed the
PH refinery: NNPC assures on April 2023 completion date
By Obas Esiedesa The Nigerian National Petroleum Corporation (NNPC) has assured Nigeria that planned rehabilitation of the Port Harcourt refinery would be completed as scheduled in April, 2023. The corporation
Petrol Subsidy: NNPC under pressure as Bonny Light rises by 150% to $65/b
By Ediri Ejoh There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria’s petrol under-recovery or subsidy as
Petrol Subsidy: NNPC under pressure as Bonny Light rises by 150% to $65 per barrel
…As investors, others call for complete deregulation By Udeme Akpan THERE are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to
NNPC makes U-turn, says FAAC remittance will be boosted
By Obas Esiedesa The Nigerian National Petroleum Corporation, NNPC, on Friday reversed its decision to make zero contribution to the Federation Account Allocation Committee, in the month of May, due
Nigeria: Bauchi Governor Says Zero Remittance from NNPC to FAAC a Recipe for Chaos
Bauchi State Governor, Senator Bala Mohammed, Thursday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to
Concerns over Nigeria’s moribund refineries despite expenditure
Concerns have been raised over huge funds being spent on Nigeria’s moribund refineries while generating minimal revenues for the nation. At a workshop yesterday tagged: ‘Open data and advocacy in
