NNPC

Mobil, NNPC Issued 14 Days Ultimatum To Pay N82b Oil Spill Judgement

June 28, (THEWILL) - Ibeno community in Akwa ibom State says it would go on the warpath if at the expiration of the 14 days the judgement of the Federal High Court to pay the sum of N81.9 billion...

EXCLUSIVE: Nigeria: Shake Up In NNPC – Multiple Sources

June 27, (THEWILL) - Barring any last minute manoeuvres, the Nigerian National Petroleum Corporation, NNPC will announce appointments into key positions as part of a semi-rejig of the operations of the organization, multiple authoritative sources with knowledge of the...

Court Rejects EFCC Plea To Amend $9.8m Fraud Charges Against Ex-GMD Of NNPC

June 17, (THEWILL)- A Federal High Court in Abuja on Thursday rejected the request by the Economic and Financial Crimes Commission (EFCC) to amend the criminal charges filed against a former Group Managing Director (GMD) of the Nigerian National Petroleum...

NNPC Says Acquiring Equity In At Least Six Private Refineries In Line With FG’s National Energy Security Policy

BEVERLY HILLS, May 31, (THEWILL) – The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in at least six privately owned crude refineries in the country in line with a Federal Government policy directive which stipulates...

Nigeria To Buy 20% Stake In Dangote Refinery, Says It Is Shopping For Similar Deals

BEVERLY HILLS, May 31, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) has confirmed its plan to purchase a 20 percent minority stake in the Dangote Refinery. The corporation, in a statement by its Group Managing Director, Malam Mele Kyari,...

NNPC Loses 3.1m Barrels Of Crude In April, To Withhold N126bn Federation Fund In June

BEVERLY HILLS, May 31, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) has served notice to the Federation Account and Allocation Committee (FAAC) of its plan to deduct N126 billion from its remittance to the Federation Account at the...

NNPC Reports N39.85bn Surplus For February 2021

BEVERLY HILLS, May 28, (THEWILL) – Nigerian National Petroleum Corporation (NNPC) has declared ₦39.85 billion trading surplus for the month of February 2021 representing a massive 314.24 percent leap from the ₦9.62 billion surplus it recorded in January 2021. This is...

NNPC Signs OML 118 Agreement To Unlock $10bn Investment With Contractor Parties

BEVERLY HILLS, May 25, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) has signed the execution of Oil Mining Lease (OML) 118 (Bonga) with contractor parties. The parties include: Shell Nigeria, Exxon Mobil, Total Nigeria, among others. By these Agreements, the NNPC...

NNPC Picks 16 Firms For Crude Swap Deal

BEVERLY HILLS, May 14, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August. A report on Wednesday by Reuters listed the consortia to include major Swiss...

NNPC Clarifies Zero Remittance, Says Letter To AGF Not Reflection of

BEVERLY HILLS, April 30, (THEWILL) – Nigerian National Petroleum Corporation (NNPC) said the zero revenue remittance projection in its letter to the Accountant General of the Federation(AGF) pertains only to the revenue stream it manages for the country. It said the...
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José Mourinho Calls Out Officials Over Vinicius Junior As Real Madrid Prepares For Real Sociedad Clash

Jose Mourinho isn't backing down on his stance that Vinicius Junior is getting a raw deal from referees, and he made that clear again on Tuesday, days after his star winger was on the receiving end of a rough afternoon at Espanyol.
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