Tag: NNPC
Nigeria’s daily petrol consumption drops to 56m litres
Nigeria recorded a slight drop in distribution of Premium Motor Spirit (PMS) to 56 million litres per day in the month of April. This...
FEC okays $1.48 billion for rehabilitation of Warri, Kaduna refineries
The sum of $1.4 billion has been approved by the Federal Executive Council (FEC) for the rehabilitation of Warri and Kaduna refineries at a...
NNPC set to release first profit amidst privatization plans
Plans are underway by the Nigerian National Petroleum Corporation (NNPC) to declare its first profit to Nigerians as it prepares to release its 2020...
Nigerians spend about N2.129trn on fuel in twelve months – NNPC
About N234.63 billion revenue has been recorded by the Petroleum Products Marketing Company (PPMC) a subsidiary of the Nigerian National Petroleum Corporation (NNPC) from...
Gas flaring cost Nigeria N53.26bn in two months – NNPC
An estimated N53.26bn was lost by Nigeria in the first two months of 2021 as international oil companies and local players flared a total...
FG to export gas to Morocco, Senegal, Europe
Plans are underway by the Federal Government to export gas through its West Africa gas pipeline to Senegal, Morocco and Europe, the Federal Government...
Diesel price climbs to N290/litre as crude price hits $74.27 per...
This week, an increase in the price of a litre of Automotive Gas Oil, also known as diesel, has been recorded as it soared...
Nigeria spends N150bn on fuel subsidy monthly ― NNPC
The Federal Government spends between N140 billion to N150 billion monthly on fuel subsidy, the Group Managing Director of the Nigerian National Petroleum Corporation...
Nigerians should be paying N256/litre for petrol — NNPC
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says Nigerians should be paying at least N256 per litre for petrol.
Kyari...
Nigeria to save about $3bn yearly from Dangote Refinery — Emefiele
Dangote Refinery, under construction, has been tipped by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to have a potential...