Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC) on Tuesday said total revenues generated from the sales of white products for the period October 2017 to October 2018 stands at ₦2.684 trillion, while petrol contributed about 88.32 per cent of the total sales value of ₦2.371 trillion. This is as the national oil company […]
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‘Crude oil production witnessed nine per cent increase in 2018’
The Nigerian National Petroleum Corporation (NNPC) yesterday said daily crude oil production recorded an upward swing of about 2.09million barrels in the outgone 2018.
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Oil workers wade into FG/marketers’ N800bn subsidy rift
The oil workers, who spoke with journalists after meeting with officials of the NNPC, assured Nigerians of their support to ensure petrol scarcity is averted. Uche Usim, Abuja Two oil workers’ unions, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) have […]
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Fuel Smuggling: PPMC lobbies marketers
THE Managing Director of the Petroleum Products Marketing Company, PPMC, Mr. Umar Ajiya, yesterday, enjoined oil marketers, under the aegis of Major Marketers Association of Nigeria, MOMAN, to regulate the volumes of petroleum products dispatched to their members’ affiliate stations close to the country’s borders.
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NNPC, oil companies owe Nigeria $22.06bn – NEITI
Another loss from NNPC was $723,285,929.70 from Offshore Processing Arrangement (OPA) and crude for product swap arrangement. Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) and other oil companies operating in the country are yet to remit $22.06 (dollar component) and N481.75 billion (naira component) into the federation […]
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Oil marketers beg FG to settle N130.7bn subsidy arrears
One of the major challenges the Nigerian downstream petroleum sector is still facing is the non-payment of the long standing fuel subsidy to oil marketers. Adewale Sanyaolu The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to come to its aid by settling in full, the N130.7 billion subsidy arrears […]
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NNPC nets N18.12bn trading surplus
Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC), on Monday announced a trading surplus of N18.12 billion for May 2018. The figure is higher than the trading surplus of N17.16 billion recorded in April. Details of the transactions contained in the recently released May 2018 edition of the monthly NNPC Financial and Operations Reports […]
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