Tag: NNPC, opec
Oil prices fall amid demand fears
The prices of crude oil fell more than 2 per cent on Wednesday. Brent crude oil futures were down $2.02, or 2.22 per cent, to $88.90 a barrel at 1228 GMT, while...
Why 23 Oil blocks failed to produce crude
..implications for revenue drive Nigerias inability to get targeted has been attributed to the inability of 23 oil blocks managed by both international and local oil...
Rivers illegal refinery Fire: How Pregnant woman, son of owner, bride ,18 others died
The Rivers State Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) Basil Igwebueze has confirmed a pregnant woman, the son of the illegal...
Mass retirement of NNPC management staff
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its Management Staff with less than 15 months to statutory retirement will be exiting the company...
Nigerias Oil earnings rise by N188.71bn as output appreciates
Nigeria’s revenue from sale of crude oil (excluding condensates) increased by N188.7bn in August 2023, following a marginal gain in the production of the...
NNPC spends N1.83 trn on fuel subsidy between January and May
Nigeria’s petrol subsidy cost state oil firm NNPC Ltd. N1.83 trillion or about $2.41 billion in the five months through May before the program was scrapped, a...
Nigeria’s oil production rises 14.6% in May to 1.4 mbpd ~NUPRC
Nigeria’s crude oil production rose to 1.427 million per barrel per day in May, from 1.245 million bpd in the previous month, according to the latest report by...
Kyari remains CEO of NNPCL
The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Corporation Limited (NNPCL) Mele Kyari has not been removed from office contrary to unconfirmed...
Hurricane TInubu: Suspends Kyari
The suspension arrow flying in the air has landed on the head of Group Managing Director, Nigeria National Petroleum Limited (NNPCL), Mele Kyari, has reportedly...
NNPC to end crude oil swap for fuel contracts, to pay cash for petrol imports
The Nigerian Petroleum Products Company Limited has concluded plans to stop crude swap contracts with traders and will pay cash for gasoline imports, its chief executive...
