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Tag: #NNPC

Business Economy headline

NNPC seeks new oil-backed loan to boost finances

Iheanyi Ejiofor July 10, 2024 No Comments #Fuel subsidy#NNPC#Oil backed loanMele Kyari

The Nigerian National Petroleum Corporation (NNPC), is in talks for another oil-backed loan to boost its finances and allow investment in its business. Mele Kyari, the chief executive officer of…

Read More NNPC seeks new oil-backed loan to boost finances
Business Economy headline

NNPC blames logistics, flooding for return of fuel queues

Iheanyi Ejiofor July 8, 2024 No Comments #Flooding#Fuel#NNPC#Olufemi Soneye#PMS

The Nigerian Nigerian Petroleum Company Limited (NNPCL), on Monday blamed resurfacing of fuel queues in some parts of the country on the disruption of ship-to-ship (STS) transfer of Premium Motor…

Read More NNPC blames logistics, flooding for return of fuel queues
Business Economy headline

Nigeria’s CNG journey has commenced and is irreversible, Says Kyari

Iheanyi Ejiofor July 5, 2024 No Comments #CNG#NNPC

…As NNPC plans to build three LNG stations, 100 CNG sites The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed…

Read More Nigeria’s CNG journey has commenced and is irreversible, Says Kyari
Business Economy headline

Some traders back out as Nigeria’s fuel import debt hits $6 billion – Report

Iheanyi Ejiofor July 4, 2024 No Comments #Fuel importation#NNPC#subsidy removal

Nigeria’s debt to gasoline suppliers has surpassed $6 billion – doubling since early April – as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel…

Read More Some traders back out as Nigeria’s fuel import debt hits $6 billion – Report
Business Economy headline

NNPC calls for development of institutions to finance energy projects 

Iheanyi Ejiofor July 4, 2024 No Comments #NNPC

..Says everyone has role to play in derisking sector to attract investors  The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for the establishment of more local institutions in…

Read More NNPC calls for development of institutions to finance energy projects 

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