Our reporter/ The federal government on Monday said sales of crude oil to Dangote Refinery and other local refineries in local currency will commence on October 1, 2024. The minister…
Read More Sale of crude oil in Naira to Dangote, others wil commence October 1 – FG
…Declares N2.1trn dividend …Targets 2mbpd crude oil production by Dec 2024 The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at…
Read More NNPC releases 2023 audited financial statement, posts N3.3trn net profit
After months of denying the existence of subsidy, President Bola Tinubu has approved a request by the Nigerian National Petroleum Company (NNPC) Ltd to utilise the 2023 final dividends due…
Read More Tinubu gives NNPC approval to spend federation’s dividends to defray petrol subsidy payments – Report
Our reporter/ The Nigerian National Petroleum Company Limited (NNPCL) on Sunday denied a report claiming that it owes international oil traders $6.8 billion. Chief Corporate Communications Officer of the oil…
Read More NNPCL denies owing foreign oil traders $6.8bn
The identity of the man responsible for the biggest importer of Petrol from Malta has been revealed. Nigeria’s petroleum importation from Malta surged significantly to $2.8 billion after the assumption of office…
Read More Report: Tinubu’s economic council member behind petrol imports from Malta, Russia