nnpc

A London court has granted bail to Diezani Alison-Madueke, the former Nigerian Minister of Petroleum Resources, who faces bribery charges filed by the United Kingdom (UK) government. District Judge Michael Snow set forth bail conditions that include a curfew requiring her to stay indoors between...

The global crude oil prices have surged to a staggering $93.55 per barrel, raising concerns about another petrol price hike in Nigeria. This price increase coincides with the continued depreciation of the Naira against foreign currencies, with the Naira exchanging at N980/$1 on the parallel...

Despite President Bola Ahmed Tinubu's assurances that the subsidy had been abolished, revelations surrounding the Federal Government's payment of N169.4 billion in subsidy in August have ignited controversy and skepticism. This development challenges the narrative of subsidy removal and prompts...

Kano, Nigeria — The Nigerian National Petroleum Company Limited (NNPC) has made a significant move by compulsorily retiring all management staff members with less than 15 months remaining until their statutory retirement. The decision, announced via the company's official social media platform...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that the Nigerian National Petroleum Corporation Limited (NNPC) did not remit $1.9 billion to the government's account by the end of 2021. NEITI conducts annual audits of the oil, gas, and solid minerals sector in...