News

As Nigerians are becoming more concerned that the country may be heading for further crises in the petroleum sector, unless urgent steps are taken to address some of the burning issues plaguing it, recent changes in the commanding…
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NNPC posted a higher trading surplus of N6.3 billion ($17.41 million) for the period.The state-owned oil firm also recorded rises in cases of oil pipeline vandalism across the country The Nigerian National Petroleum Corporation (NNPC)…
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Bonny Light Crude Oil (BLCO) is a high grade of Nigerian crude oil produced in the Niger Delta basin and named after the city of Bonny. The Nigeria National Petroleum Corporation (NNPC) is the official source for BLCO. Key features…
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... It’s international conspiracy —Lawyers Though the Nigerian government last week criticised fortnight’s ruling by a British court, which gave about $8.9 billion (about N3.2 trillion) arbitral award against Nigeria, many lawyers have…
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Nigeria is among 10 producing countries with highest cost of crude oil production per barrel, it was gathered at the weekend. Chairman/Managing Director, ExxonMobil Affiliate Companies in Nigeria Paul McGrath, who spoke in Lagos, said…
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President Muhammadu Buhari departed Abuja Sunday for Japan to participate in the Seventh Tokyo International Conference on African Development (TICAD7) holding in the City of Yokohama from August 28 to 30. President Buhari’s…
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*To collaborate with N/Assembly on NC Act amendment The Nigerian Content Development and Monitoring Board, NCDMB said it has put fundamentals in place for the attainment of the Nigerian Content 10-Year Roadmap. This, it explained,…
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Despite its many inter-agency collaboration on security, the Nigerian National Petroleum Corporation (NNPC) says it recorded a 77 percent rise in cases of oil pipeline vandalism in its network of pipeline infrastructure across the country…
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There are indications that the Federal Government may soon ask the Economic and Financial Crimes Commission to invite for questioning some past group managing directors of the Nigerian National Petroleum Corporation and a former Minister…
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The Anti-Corruption and Research-Based Data Initiative (ARDI) has said that the strategic plans unveiled by the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, would tame corruption in…
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