The Nigerian National Petroleum Corporation has said it recorded a total of $219.75 million from crude oil and gas export sales in May 2021.This represents a 180.29 percent increase in sales from April 2021.This is contained Read More
Tags :OIl and Gas
The Nigerian National Petroleum Corporation has said it was collaborating with relevant law enforcement agencies to curb the menace of petroleum products smuggling and crude oil theft.NNPC, noting that the partnership was also with Read More
The Nigeria Extractive Industries Transparency Initiative has said Nigeria earned $34.22bn from the oil and gas sector in 2019.It said this in its 2019 Oil and Gas Industry Audit report noting that the $34.22bn revenue represented Read More
The Nigerian Extractive Industry Transparency Initiative has said Nigeria lost N851.84 billion ($2.78bn) to oil theft and pipeline sabotage in 2019.NEITI said this in its latest oil and gas industry audit report stating that it Read More
Bad governance is likened to the unfavourable relationship between those who govern and those who are governed which eventually results in negative consequences.The failure in governance in Nigeria, one of the world’s most Read More
The latest data from the Central Bank of Nigeria have shown that the quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019.The CBN’s data on sectoral utilisation Read More
The total revenue generated by the Nigerian National Petroleum Corporation from crude oil and gas exports plunged by 45.98 percent in 2020.Nigeria’s revenue from the exports of crude oil and gas fell to $2.62bn in 2020 Read More
For the month of January 2021, the Nigerian National Petroleum Corporation has announced a 37.21 percent decrease in cases of pipeline vandalism across the country.This was contained in the January 2021 (66th) edition of the NNPC Monthly Read More
The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019.This was obtained from an analysis of data collated from their financial statements.The refineries Read More
The Nigerian National Petroleum Corporation said it recorded an increase of ₦24.19billion trading surplus in December 2020. The amount is an 80.12 percent increase compared to the ₦13.43billion surplus recorded in November of the same year.Trading Read More