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96 firms bid for rehabilitation of NNPC pipelines, depots

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Ninety-six companies from various jurisdictions have indicated interest in rehabilitating the Nigerian National Petroleum Corporation (NNPC) downstream infrastructure, including critical pipelines, depots...

Ologbo IGHF to generate $200m annually – Buhari

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President Muhammadu Buhari has said that the Integrated Gas Handling Facility (IGHF) and Liquefied Petroleum Gas (LPG) processing and dispensing plants in...

FG reduces petrol price by N5

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The federal government announced the reduction of the pump price of premium motor spirit, popularly called fuel by N5.

$21bn withdrawn from NLNG dividends account not illegal – Kyari

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The group managing director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has defended the withdrawal of over $21 billion...

Alleged $9.8m fraud: Court dismisses EFCC’s application to cross-examine ex-NNPC GMD

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The Federal High Court in Abuja yesterday dismissed an application by the Economic and Financial Crimes Commission (EFCC) to cross-examine former Group...

NNPC’s oil, non-oil assets grow to N4.67trn – Report

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The Nigerian National Petroleum Corporation (NNPC) has released the 2019 audited financial statement showing that the net value of its oil and...

NNPC’s liabilities exceed assets by N4.4trn – Report

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Audited financial statement of the Nigerian National Petroleum Corporation NNPC) for 2019 has shown that its liabilities as a group exceeded assets...

NNPC records N1.7bn revenue decline

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The Nigerian National Petroleum Corporation (NNPC) on Thursday released its 2019 audited financial statement showing a loss of N1.7 billion during the...

Buhari approves reconstituted NNPC board

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President Muhammadu Buhari has approved the reconstitution of the board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the...

Free electricity in underway as Reps, stakeholders set up committee

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The House of Representatives and stakeholders in the power sector yesterday agreed to set up a joint implementation committee on the proposed...
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