THE federal government has concluded arrangements to receive $1.05 billion syndicated loan backed by oil towards the end of May 2024. The loan is part of the $3.3 billion “pre-export finance facility” facilitated by the Nigerian National Petroleum Company (NNPC) Ltd…
LONDON/BRUSSELS, April 8 (Reuters) – Nigeria’s state-oil company NNPC owes around $3 billion to fuel traders for imported petrol, three sources told Reuters, as the tumbling naira currency and rising global fuel prices have increased the effective subsidy it is…
State-owned Nigerian National Petroleum Company (NNPC) has sought assistance from the EFCC to curb oil theft and pipeline vandalism in Nigeria. During a meeting held in Abuja last week, NNPC chief executive Mele Kyari informed the EFCC of the disturbances…
Mele Kyari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL) has announced the company’s effort in tackling cases of oil theft in the country, stating that 6,409 illegal refineries had been deactivated in the Niger…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, has described oil theft and vandalism in the Niger Delta region as a calamity. The NNPCL CEO said that there were over 4,800 illegal connections…
THIS DAY. The government could do more to stem illegal bunkering and refining of crude oil Scores of people were recently burnt to death from an explosion during an illegal refining of crude oil at Abaezi forest in Egbema community,…
Nigeria’s foremost indigenous energy company, Seplat Energy Plc, has said that it is still awaiting the next action by the government, over the assets acquisition deal it struck with Mobil Producing Nigeria Unlimited (MPNU), earlier in 2022. The deal had…
THIS DAY. The Organisation of Petroleum Exporting Countries (OPEC) Fund has announced that it will contribute $14.3 million to Phase II of the feasibility study for the Nigeria-Morocco Gas Pipeline estimated at $25 billion. This is coming as the Nigerian…
TIDE. The subsidy on Premium Motor Spirit (PMS), popularly called petrol, between January and March 2022 has risen to N675.93bn, according to the latest data obtained from the Nigerian National Petroleum Company (NNPC) Limited on Wednesday. Also, the NNPC has…
THE SUN The Joint Task Force (JTF), Operation Delta Safe in line with the directive of the Defence Headquarters has commenced Operation Octopus Grip to rid the Niger Delta region of crude oil thieves. The Chief of Defence Staff, General…
© 2019-2023 Ijaw Nation Forum. All rights reserved.