NNPC

The Nigerian National Petroleum Corporation, NNPC, has concluded plans to raise bank loans for the acquisition of 20 per cent shares in the $12 billion Dangote Refinery. Contrary to speculation that the shares would be acquired…

The Nigerian National Petroleum Corporation, (NNPC), says there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol, in May. The Group Managing Director of the Corporation, Mele Kyari,…

The Department of Petroleum Resources has said companies whose refinery project licences have become invalid can reapply for revalidation. At least 32 refinery project licences issued to private investors in the country had…

The Petroleum Products Pricing Regulatory Agency, (PPPRA) on Friday, deleted an earlier published template announcing that the new price of petrol has reached N212.6 per litre. The sudden volte face may not be unconnected with…

The Nigerian National Petroleum Corporation (NNPC) has dismissed media reports insinuating planned increment in the ex-depot price of Premium Motor Spirit also known as petrol. This is despite a template released by the Petroleum…

Baring any further change of plans, the pump price of Premium Motor Spirit, also known as petrol may be adjusted to N212.6 per litre, if the template released by the Petroleum Products Pricing Regulatory Agency is anything to go…

‎ ‎‎The Nigerian National Petroleum Corporation on Wednesday said Nigeria is losing an average of 200,000 barrels of crude oil daily.‎ Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the…

‎The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has increased to N186.33 per litre.‎ Crude oil price accounts for a large chunk of the final cost of petrol, and the deregulation of petrol price by the…

‎An Abuja Federal High Court on Monday awarded N10.6m damages against the Nigerian National Petroleum Corporation for unlawfully blocking part of the highway in front of its Corporate Headquarters in Abuja. The court ruled that…

Users of Premium Motor Spirit, (PMS) may have to gird their loins for a possible astronomical increase in the pump price of the product if stories coming from the global oil prices are anything to go by. It is feared that the…