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Nigeria’s oil production cost down from $78 to $23b/d, says NNPC

The Nigerian National Petroleum Corporation (NNPC) said that it has caught down the cost of crude oil production from $78 dollars per barrel per...

Diezani told Jonathan that 2010 subsidy removal may have been illegal

The Daily Times has obtained a 2010 letter from former petroleum minister, Diezani Alison-Madueke to former president Goodluck Jonathan questioning the legality of a...
NNPC

NNPC to increase FG revenue by $30bn

*As Baru inaugurates anti-corruption committee The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream...

FG partners GE to build 4,000 megawatts power plants

The Federal Government in partnership with General Electric (GE) has agreed to build power plants across the country with the capacity of 4,000 megawatts,...
crude

NNPC announces new measures to improve products supply

The Nigerian National Petroleum Corporation (NNPC) on Sunday said it had put in place measures to ensure steady supply of petroleum products across the...
crude

Update: NNPC moves to recover over N11bn missing petrol from Capital Oil

…MRS returns own portion of missing product …Reports case to DSS, EFCC, NASSFollowing last week report on missing petrol, the Nigerian National Petroleum Corporation (NNPC)...

NNPC to recover N11bn missing petrol from Capital Oil

The Nigerian National Petroleum Corporation (NNPC) on Friday announced measures to achieve full recovery of over 130 million litres of Premium Motor Spirit (PMS),...

IPMAN suspends planned strike As NNPC GMD’s Intervene

The leadership of the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday announced the suspension of a scheduled nationwide strike following a meeting...

N5.1bn unremitted fund: Senate orders investigation of NNPC

The Senate has mandated its committee on petroleum (downstream) to exhaustively review and investigate the Nigeria National Petroleum Corporation (NNPC) over its accounts relating...
crude

NNPC achieves 71 percent savings in deep offshore rig-rate

The Nigerian National Petroleum Corporation, NNPC, has renegotiated its deep offshore rig-rate from a staggering $580,000 to $164,000 per day, saving the country a...

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