Business & Finance

The Nigerian National Petroleum Corporation (NNPC) and its joint venture partners on Friday signed the Nigerian Content Plan agreement to move the country closer to the final investment decision (FID) on Train-7 of the Nigeria LNG project.…
Read More...

The Nigerian National Petroleum Corporation (NNPC) recorded loses in the region of N551.46bn from January 2015 to December 2018. Details of financial records published on the company’s website revealed that the national oil company…
Read More...

The Nigeria Liquefied Natural Gas company on Friday announced that it would take a final investment decision on its new eight million metric tonnes per annum Train-7 gas plant by the fourth quarter of 2019. It said funds were being…
Read More...

Major oil and gas companies are increasingly highlighting the alignment of their corporate strategies with climate change goals. They are also pursuing major production growth projects, but the value risk to these investments from the…
Read More...

The Nigerian National Petroleum Corporation (NNPC) Wednesday unveiled the guidelines for its crude oil-for-product swap programme, known as the Direct Sale and Direct Purchase (DSDP) scheme. The corporation in a tweet message on its…
Read More...

The Nigerian National Petroleum Corporation, NNPC, remitted $1.413 billion, an equivalent of N432.378 billion, to the Federation Account in 2018, an improvement by 50 per cent when compared to $942.244 million, an equivalent of N288.327…
Read More...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said the NNPC was considering extending the ongoing Ajaokuta – Kaduna – Kano (AKK) gas pipeline system across the Sahara to Algeria in…
Read More...

The Group Managing Director of NNPC, Dr. Maikanti Baru, says the corporation is considering the extension of Ajaokuta-Kaduna-Kano (AKK) gas pipeline project to Algeria to ensure African integration. Baru disclosed this in a statement…
Read More...

Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) unit in Africa, the Nigerian Content Development and Monitoring…
Read More...

The Nigerian National Petroleum Corporation (NNPC) today (Sunday) released its December 2018 financial and operations report, which indicates that it posted a trading surplus of ₦12.13 billion, a development it said sprang from the success…
Read More...