NNPC

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...

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...

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...

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...

BEVERLY HILLS, April 28, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) has recorded a shortfall of N111,966,456,903.74 in February 2021. THEWILL deduced that according to memos flying to government agencies from the country's apex fuel importer-supplier, NNPC was recording...

BEVERLY HILLS, April 23, (THEWILL) - President Muhammadu Buhari has ordered the restoration of the ownership of four petroleum prospecting licences to the Nigeria National Petroleum Corporation (NNPC) and its Chinese partner, Addax Petroleum. A statement on Friday  said the licences,...

BEVERLY HILLS, April 09, (THEWILL) – Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),  Mele Kyar, has expressed delight over the movement of pipes from Warri to Itakpe for the implementation of the Ajaokuta-Kaduna-Kano Gas Pipeline project. The construction...

BEVERLY HILLS, March 26, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders. In a...

BEVERLY HILLS, March 25, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) says it pays N120 billion every month to subsidise Premium Motor Spirit (PMS), popularly known as petrol. NNPC Group General Manager (GMD), Mele Kyari, disclosed this at the weekly...

BEVERLY HILLS, March 23, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) says the $1.5 billion approved for the Port Harcourt Refinery was for its complete rehabilitation and not turnaround maintenance (TAM). The Group Managing Di­rector (GMD), NNPC, Mele Kyari,...