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Tag: NNPC

National

FG Says NNPC Petrol Discount Is Not Fuel Subsidy

The Federal Government says the petrol discount introduced at Nigerian National Petroleum Company Limited, NNPC, retail stations does not amount to a return of fuel subsidy. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, says the price reduction is being funded from NNPC Retail’s profit margin rather than public funds. Oyedele explained that […]

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Tinubu’s Executive Order Halts N2tn NNPC Deductions

President Bola Ahmed Tinubu has issued an executive order stopping the deduction of management fees and contributions to the Frontier Exploration Fund by the Nigerian National Petroleum Company Limited (NNPC), effectively blocking revenue streams that generated about N2.076tn over four years. An analysis of monthly earnings submitted to the Federation Account Allocation Committee (FAAC) shows […]

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Reuters: NNPC Seeks Bids To Sell Oil, Gas Assets

The Nigerian National Petroleum Company Limited is planning to sell stakes in some of its oil and gas assets and has already invited bids, according to a Reuters report published on Monday. Reuters, citing an invitation document, reported that interested bidders are required to register online by January 10, after which a pre-screening exercise will […]

Business Headlines

NAF, NNPC Partner To Secure Critical Oil, Gas Infrastructure

The Nigerian Air Force (NAF) and the Nigerian National Petroleum Company Limited (NNPC) have renewed their collaboration to protect vital oil and gas assets across the country. The strengthened cooperation was announced in a statement by NAF Director of Public Relations, Air Commodore Ehimen Ejodame, following a courtesy visit by the Chief of the Air […]

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Trump Hints at Possible U.S. Ground

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