President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Corporation into a limited liability company – NNPC Limited. The President’s directive was contained in a statement issued on Sunday signed by his Special Adviser on Media and Publicity, Femi Adesina. According to Adesina, the move by Buhari is in “consonance […]
House of Representatives Committee on Finance has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for providing detailed explanations on some oil industry issues during an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and Fiscal Strategy Paper (FSP). The Chairman of the House […]
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N43.57 billion in April 2021, representing a 23.64 percent increase over the N35.24 billion it recorded in the preceding month. The corporation’s just published April 2021 edition of Monthly Financial and Operations Report (MFOR) indicated that its Group operating revenue in the month […]
The Federal Government has disassociated itself from the latest petrol price template of N212.6 per litre released by the Petroleum Products Pricing Regulatory Agency (PPPRA), saying it is not planning to raise fuel price for now. This is even as the Nigerian National Petroleum Corporation (NNPC) has ruled out any possible increase in fuel pump […]