Tag: NNPC
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Nigerian govt’s ExxonMobil-Seplat move raises community clean-up fears
The Nigerian government's move to eliminate the final hurdle preventing ExxonMobil from selling its local unit to Seplat, an indigenous company, has rekindled concerns...
Nigeria boosts crude oil production with new Akwa Ibom field
The Nigerian National Petroleum Corporation (NNPC) has begun production at a new oil field in Akwa Ibom state, aiming to ramp up output to...
Don’t get your hopes up: NNPC denies petrol price cut in Nigeria
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has denied reports it has reduced the price of petrol as the exchange rose fell in...
Nigerian govt watchdog wants NNPC probe over Buhari era’s subsidy surge
The Nigerian government’s extractive industry watchdog has demanded an investigation after records showed that fuel subsidy payments rose 1,433% within a year under former...
Regulator hints Seplat buy of Mobil Nigeria to move forward
The Nigerian Upstream Petroleum Regulatory Commission says it is hopeful that the stalled $1.28 billion sale of ExxonMobil’s shallow water business to Seplat Energy...