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NNPC Spends N864bn On Petrol Subsidy In 8 Months

The Nigerian National Petroleum Corporation spent a total of N864.07bn between January and September subsidising Premium Motor Spirit, popularly known as petrol.This amount represents...

NNPC To Reconstruct 21 Federal Roads At N621.23bn – FEC

The Federal Executive Council (FEC) has approved the reconstruction of 21 roads covering a total distance of 1,804.6 kilometres across the six geo-political zones.These...

President Buhari Receives Certificate of Incorporation For NNPC

President Muhammadu Buhari has received the Certificate of Incorporation of the Nigerian National Petroleum Corporation (NNPC).He was presented with the certificate at the State...

NNPC Begins Construction of 50MW Power Plant in Borno

The Nigerian National Petroleum Corporation (NNPC) has commenced the construction of a 50-megawatt gas turbine power plant, the Maiduguri Emergency Power Project (MEPP), expected...

Nigeria Sold N2.33trn Petrol in One Year – NNPC

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that the country sold N2.33 trillion worth of petrol between May 2020 and May 2021. But...

Buhari Orders Incorporation of NNPC, Appoints Board

President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited, the State House has announced.A statement on Sunday issued by...

NNPC Forecasts Over N300bn Profit in 2021

Few days after declaring a Profit After Tax (PAT) of N287 billion in its Audited Financial Statement (AFS) for 2020, the Nigerian National Petroleum...

Again, NNPC Set to Deduct N215bn from September FAAC

The Nigerian National Petroleum Corporation (NNPC) is once more set to deduct about N215.3 billion from its contribution to next month’s joint Federation Account.The...

Buhari Announces ₦287bn NNPC Profit After Tax For 2020

President Muhammadu Buhari has announced the declaration of a Profit after Tax (PAT) of N287billion in the year 2020 by the Nigerian National Petroleum...

NNPC Ventures, Shipping, Refineries, Lead in Corporation’s N56.1bn Loss in April

Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s total losses...

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