NNPC

The President, Major General Muhammadu Buhari (retd.), has ordered the Nigeria National Petroleum Corporation and its subsidiaries to ensure that section 4 of the East-West road, spanning from Eleme Roundabout to Onne junction, is fixed…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has offered to submit itself for a forensic audit of fuel supply and subsidy management, insisting that the daily fuel supply is 68 million litres. The NNPC disclosed this on…

Without federal government’s subsidy on premium motor spirit (PMS), the pump price of the fuel who have been costing consumers N462 per litre, the Nigerian National Petroleum Company Limited (NNPCL) has said. In a statement issued on…

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the country would stop importing petroleum products by 2023. Kyari disclosed this during a press briefing at the state house…

The Group Chief Executive Officer of the Nigeria National Petroleum Company, Mele Kyari, on Tuesday, said 122 persons have been arrested for oil theft between April and August 2022. He also revealed that government operatives have…

The House of Representatives has summoned the Auditor-General of the Federation (AGF) to appear before it on August 30, for explanation on fuel subsidy payments between 2013 and 2022. The lawmakers want the auditor-general to provide…

Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year. The Federal Government, in the 2023-2035 Medium Term…

Peter Obi, the standard bearer of the Labour Party (LP) in the 2023 general election, has advocated the need to end the “criminality that is called oil subsidy” in Nigeria. Mr Obi, who spoke on Thursday at an event in Abuja, lamented…

The Lagos Chamber of Commerce and Industry (LCCI) has called on President Muhammadu Buhari’s regime to adopt measures to increase the country’s revenue and borrow from cheaper sources to cushion Nigeria’s debt portfolio. LCCI president…

Oando Plc, AA Rano, Sahara Energy Resources and Hyde have all denied involvement in fuel subsidy payments before the House of Representatives ad hoc committee investigating the subsidy regime. The oil companies said they only lifted…