Tag: NNPC Limited

Nigeria exports hits milestone with 950,000 barrels of new Cawthorne crude blend

News Damilola Bayonle -
Nigeria exports 950,000 barrels of Cawthorne crude blend Nigeria has recorded a significant breakthrough in its upstream oil sector with...

Tinubu approves incentives to revive $20bn Bonga offshore oil project after 20-year delay

Business Damilola Bayonle -
Nigeria’s oil and gas sector could be on the verge of a major investment revival following a new policy...

NNPC reports N385bn profit as Nigeria’s oil production climbs to 1.64mbpd

Business Damilola Bayonle -
NNPC Posts N385bn Profit as Oil Output Rises Nigeria’s national oil company, the Nigerian National Petroleum Company Limited, has reported...

Petrol nears N1,000 as marketers push expanded naira-for-crude policy

Business Damilola Bayonle -
Fuel price spike triggers fresh naira-for-crude supply calls A sharp rise in petrol prices across Nigeria has reignited industry calls...

FG begins direct remittance of oil revenues to FAAC, ends NNPC deductions

Business Damilola Bayonle -
Executive order: FG begins direct remittance of oil revenues to FAAC under new fiscal reset Nigeria’s fiscal architecture entered a...

States defend Tinubu’s oil revenue order, say it’s about constitution, not cash windfall

Business Damilola Bayonle -
Oil revenue shakeup: States back Tinubu’s Executive Order State governments have thrown their weight behind President Bola Tinubu’s latest directive...

Nigeria set to launch Cawthorne crude grade as NNPC targets higher oil output

Business Damilola Bayonle -
NNPC begins export of new crude grade Nigeria’s state oil company has confirmed plans to expand its crude export portfolio...

PENGASSAN engages presidential committee over Tinubu’s oil revenue executive order

Business Damilola Bayonle -
Tinubu’s oil revenue executive order: PENGASSAN meets presidential committee Wednesday The Petroleum and Natural Gas Senior Staff Association of Nigeria...

Edun confirms forensic audit of NNPC as FG moves to boost oil revenue transparency

Business Damilola Bayonle -
Forensic audit of NNPC ongoing – Edun Nigeria’s fiscal authorities have intensified scrutiny of oil revenue flows as the Forensic...

Tinubu orders direct remittance of oil revenues to federation, suspends NNPC deductions in major fiscal shake-up

Business Damilola Bayonle -
Tinubu orders direct remittance of oil revenues to federation to plug leakages President Bola Tinubu has issued a sweeping Executive...

Port Harcourt refinery supplies diesel despite shutdown — NMDPRA reveals losses and delays

Business Damilola Bayonle -
The prolonged shutdown of the Port Harcourt Refining Company has continued to attract fresh scrutiny after new regulatory disclosures...

Nigeria’s crude oil earnings decline by 43% despite production recovery

Business Damilola Bayonle -
Nigeria’s crude oil earnings have suffered a major setback, plunging by 43 percent in 2024, despite a modest rebound...