Crude oil
NNPCL ranks third for free cash flow generation among African oil companies by 2024 – Report
The Nigerian National Petroleum Company Limited (NNPC Ltd) has been ranked third for free cash flow generation by oil companies in Africa by...
Dangote secures permit to process 300,000 barrels of Nigerian crude daily
Africa’s richest man, Aliko Dangote, says Dangote Refinery has secured license to refine more than 300,000 barrels of Nigerian crude per day and...
Crude oil theft fight raises Nigeria’s crude oil production to 1.72m barrels per day in September — NNPCL
Nigeria’s crude oil production has been raised to 1.728 million barrels per day as at September 2023 following aggressive anti-crude oil theft efforts...
Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, Lekki-Lagos inaugurated
Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals planted in Ibeju-Lekki area of Lagos, was on Monday inaugurated by President Muhammadu Buhari and...
Just in: Crude oil losses: Minister’s aide retracts statement, calls it media publication error
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has distanced himself from a statement credited to him that theft and pipeline...
NNPC denies exporting 17.877m barrels of crude oil, says it’s yellow journalism
The Nigerian National Petroleum Company Limited (NNPCL) has distanced itself from an online publication report that it exported 17.877 million barrels of crude...
FG gives details of N625.43bn 13 per cent oil derivation refunds disbursed to 9 oil-producing states
The nine oil-producing states in the country received a total of N625.43 billion 13 percent oil derivation, subsidy and SURE-P refunds from the...
Oil theft: FG, multinationals must secure nation’s pipelines — Ikpea
Worried by the loss of billions of dollars to crude oil theft in the country, an engineering firm has asked the Federal Government...
Energy Security: FG floats National Oil Reserve Company on Build, Operate and Transfer arrangement — GCEO, NNPC, Kyari
A National Oil Reserve Company is floated to ensure energy security for Nigeria, the GCEO of the Nigerian National Petroleum Company Ltd (NNPC...
Oil theft has reduced Nigeria’s oil production to less than 1.5m barrels per day, says NNPC GMD, Mele Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Ltd, Malam Mele Kyari, has expressed concern over Nigeria’s inability to increase...
FG decries rising crude oil theft, says $3.27bn lost to oil thieves in 14 months
The Federal Government has expressed worry over the high rate of crude oil theft in the Niger Delta. It added that the high-level...
Nigeria boasts of 36bn barrels of crude oil reserves, 200 trn cubic feet of gas as NNPC commits to country’s energy sector success
“With its strategic presence at the event, Nigeria is set to consolidate its position as one of Africa’s top oil and gas producers”...
Crude oil, gas worth $219.75m exported in May 2021, says NNPC
The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May...
NNPC records export receipts of $120.49m crude oil in September 2020
The Nigerian National Petroleum Corporation (NNPC) says it recorded a total export receipts for crude oil and gas of $120.49 million for...
Nigeria’s inflation rate hits all-time high 14.89 per cent, says NBS
Nigeria’s land borders closure and other factors have pushed the country’s inflation rate to a 31-month high 14.89 per cent as at...
NNPC Records ₦13.23bn Raise In Trading Surplus in October 2019
…pipeline vandalism drops by 81 per cent In an upward swing, the Nigerian National Petroleum Corporation (NNPC) says it has recorded...
