According to NNPC's report, the four refineries owned by FG lost a combined N7.1 billion (August 2019 – N13.2 billion) in September.
The Federal Government (FG) has postponed the date scheduled for the nation to stop the importation of petrol from 2019 to 2023.
The NBS, in its latest Petroleum Product Import and consumption report, disclosed that the importation of PMS reduced by 11%.
The management of NNPC said there is a new initiative in place which is aimed at preventing future incidents of petrol tanker accidents.
The Nigerian Senate summoned the GMD of the NNPC, Mele Kyari to appear before its Committee on Petroleum Resources.
NNPC has been ordered by the Supreme Court to pay BCE Consulting the sum of $22.6 million as damages over a failed Consultancy Service Contract.
A senator stated yesterday during plenary that according to NNPC, Nigeria lost N197 billion in revenue to gas flaring last year.
Chevron is looking to sell-off a number of its oil assets in the country as the company wants to focus on growing its US shale output.
The Group Managing Director of the corporation, Mele Kyari disclosed that NNPC retained the sum of $3 billion from court judgements.
The NNPC has disclosed that it’s in the process of establishing two new 200,000 barrels-per-day condensate refineries.