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Government to spend N1.149 trillion on petrol subsidy in 2019

‘I Beg You In The Name Of God To Accommodate Herdsmen’ – Buhari Tells Benue Leaders

A princely sum of N1. 149, 385 trillion is estimated to go into the payment of subsidy on petrol imported into the country this year.With the provision of a mere $1 billion, which is about N305 billion in the 2019 budget year…
The post Government to spend N1.149 trillion on petrol subsidy in 2019 appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

Nigeria records 9% crude production growth in 2018

Nigeria records 9% crude production growth in 2018

Uche Usim, Abuja Nigerian National Petroleum Corporation (NNPC), has released its summarised 2018 operational report indicating the nation’s daily crude oil production recorded an upward swing of about 2.09 million barrels. The figure represents a 9 per cent increment, compared to the 2017 average daily production of 1.86 million barrels. According to the Group Managing […]
The post Nigeria records 9% crude production growth in 2018 appeared first on The Sun Nigeria. …

NNPC moves to acquire 30% market share in petrol retailing

Igbo day of glory imminent —Ohanaeze

The Nigerian National Petroleum Corporation (NNPC) is working on increasing penetration in the downstream sector to enable it capture 30 per cent of the retail market in the country.
The post NNPC moves to acquire 30% market share in petrol retailing appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

Baru directs NNPC retail to secure 30% marktet share

Baru directs NNPC retail to secure 30% marktet share

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has charged the Corporation Downstream company, NNPC Retail, to increase its current 14 per cent market share to 30 per cent by 2020. Speaking yesterday  in Abuja during the first Triennial Delegates Conference of the Petroleum and Natural Gas Senior Staff AssociationRead More …

NNPC Retail targets 30% market share

NNPC Retail targets 30% market share

The NNPC Group Managing Director disclosed at the event that the NNPC Management would soon expand the operations of NNPC Retail Limited Uche Usim The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has charged the Corporation Downstream company, NNPC Retail, to increase its current 14 percent market share to 30 […]
The post NNPC Retail targets 30% market share appeared first on The Sun Nigeria. …

NNPC records N32b trading surplus in 11 months

NNPC records N32b trading surplus in 11 months

The Managing Director of the Petroleum Products Marketing Company Limited (PPMC), Mr. Umar Ajiya, disclosed that the company has returned to profitability with a trading surplus of N32bn between January and November 2018.  He made this known while the House of Representatives Committee on Petroleum (Downstream), was in the Nigerian National Petroleum Corporation (NNPC) towers,Read More …

NNPC targets 10% share of global LNG market

NNPC targets 10% share of global LNG market

NAN As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Nigerian National Petroleum Corporation (NNPC) is targeting 10 per cent market share of the global Liquefied Natural Gas (LNG) market. Group Managing Director of the NNPC, Dr Maikanti Baru, expressed the Corporation’s commitment at the opening ceremony […]
The post NNPC targets 10% share of global LNG market appeared first on The Sun Nigeria. …

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