The auditors of NNPC have raised doubts over the inability of the Corporation to continue as a going concern following rising and humongous losses.
NNPC has stated that it reduced its loss by 99.8% in 2019.
IPMAN has disclosed that the oil marketers are looking forward to a downward review of the ex-depot price for October.
Many stakeholders hold strongly that new investments in the oil sector is dependent on the passage of the PIB.
The NNPC has mandated local oil companies to improve capacity to so as to reduce oil production cost.
NNPC and SEEPCO have signed a gas development and commercialization deal.
NNPC will activate Compressed Natural Gas refill stations for motorists to access.
FG would resort to holding minority shares after giving up the refineries to investors.
DPR announced that the importation of petroleum products would reverse when the new refineries resume.
Kyari also disclosed that NNPC is also investing in domestic gas utilization projects.