Tag: NNPC
FG targets $2.2bn Eurobond cash, local funds for fuel subsidy
In a bid to fund subsidy on petrol in the face of rising oil prices, the Federal Government of Nigeria is planning to utilise...
Nigeria’s crude oil daily production drops by 10,000 barrels – OPEC
Nigeria’s crude oil production has declined to an average of 1.417 million barrels per day in February 2022, the Organisation of the Petroleum Exporting...
Aviation fuel: We have three more days to fly – Airline...
Airline Operators in the country on Monday said they had only three more days to fly due to the high cost of aviation fuel.
The...
Sylva: Nigeria has 1.9bn litres of petrol, to last 32 days
Minister of State for Petroleum Resources, Mr. Timipre Sylva, on Wednesday said the country has 1.9 billion litres of petrol.
Sylva, while updating the Federal...
Oil, gas coys owe federation accounts N1.32trn in 2020 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that oil and gas companies liabilities to the Federation Accounts as at December 31, 2020...
FG likens petrol scarcity to ‘accident’ as NNPC begins 24 -hr...
The Federal Government has likened the prolonged petrol scarcity in the country to an accident, saying it was undesirable and unexpected.
The Minister of State...
Govs decry NNPC zero contribution to federation account
The Nigeria Governors Forum (NGF) has decried the zero contribution of the Nigerian National Petroleum Company (NNPC) Ltd. to the Federation Account in recent...
NNPC, Dangote, Shell, ENI, Agip sign gas supply deal
The Nigerian National Petroleum Corporation Ltd (NNPC) has sealed a deal with partners on gas aggregation to increase local production of fertiliser in the...
Court to CBN: Release NNPC, Mobil’s N82bn to A’Ibom communities
The Federal High Court, Abuja has granted a garnishee order absolute, on Central Bank of Nigeria (CBN) to release N81.9 billion to Ibeno Local...
Court orders software Engineer to forfeit over N100m properties
A Federal High Court sitting in Kaduna, Kaduna State, has ordered the forfeiture of properties worth over N100 million, belonging to one Nurudeen Musa...
