AFRICANGLOBE - Nigerian National Petroleum Corporation (NNPC) spent nearly half of the money it earned in three years and remitted the other half to the federation account, it was revealed yesterday. The corporation earned N8.1trn from crude oil sales from 2012 to 2015, withheld N3.8trn and paid only N4.3 trillion to the national treasury.
AFRICANGLOBE - Nigeria's Federal Government may soon commence the forensic audit of the accounts of the Nigerian National Petroleum Corporation, NNPC, as President Goodluck Jonathan has approved the engagement of reputable international firms to handle the exercise.
AFRICANGLOBE - Shell plans to sell at least four more oil blocs in Nigeria due to increasing crude theft, oil spills, community challenges and its inability to renew the licenses of some of the fields.
AFRICANGLOBE - Three international oil companies (IOCs) - Shell, Total and Eni (Agip) - have raked in $2.569 billion (N411.04 billion) from the sale...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, has said China had become the alternative market for Nigeria's...
The Nigerian National Petroleum Corporation (NNPC) has said that Nigerian oil production has risen from 2.4 million barrels per day (mbpd) to 2.7 mbpd...
Nigeria Extractive Industry Transparency Initiative, NEITI, has disclosed that from its audit report between 2006 and 2008, the Nigerian National Petroleum Corporation, NNPC, received...
Nigeria's Federal Government has approved the Petroleum Industry Bill (PIB), which as part of its provisions will provide for the unbundling of the Nigerian...
India has overtaken the United States of America (USA) to become Nigeria's number one trading partner, according to the First Quarter 2012 Trade Statistics...
The Nigerian National Petroleum Corporation (NNPC) has modified the conditions that will be met by companies wishing to bid for the lifting of Nigeria's...