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Nigeria’s NNPC Now Sole Petrol Importer As Forex Shortages Hit Rivals

By Agency Report The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30,...
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Amid Capacity Challenge, AFREXIMBank Shops For Funds In US, Singapore, India, Others To Fulfil $3bn Loan Agreement With Nigeria’s NNPCL

By Louis Achi  The AFREXIMBank is struggling to raise the $3 billion loan it agreed to provide to the Nigerian National Petroleum Company Ltd in...
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Nigeria Lists 23 Oil Blocks Which Failed To Produce Crude

By Louis Achi More than 23 oil blocks managed by both international and local oil companies, under crude oil Production Sharing Contracts with the Nigerian...
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Nigeria’s NNPC, Oil Majors Agree To Shorten Talks on Contracts

By Agency Report Nigeria's state oil firm NNPC Ltd and oil majors on Monday agreed to cut the time for concluding contract talks from three...
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Dangote Opens Up On Missed Refinery Production Deadline, Sets November Date

By Ayo Yusuf More facts have emerged over the failure of Dangote Petroleum Refinery to begin production by late August as promised by the President,...
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$3 Billion Afrexim Bank Loan: NNPCL Followed Due Process

The Nigeria National Petroleum Company Limited (NNPCL) insists that it followed due process in securing the recent $3 Billion Afrexim bank Loan. The $3 billion...
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FG To Restore Port Harcourt Refinery December

…Restates Commitment to Ending Fuel Importation By Ishola Kayode The Federal Government has vowed to restore the Port Harcourt refinery by December 2023 and also reiterated...
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