Tag: NNPC
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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...
NNPC is again Nigeria’s sole petrol importer months after reforms
NNPC Ltd has resumed its role as the exclusive importer of petrol into Nigeria due to challenges faced by licensed local private firms in...
Tinubu govt to sell stakes in 20 state-run companies
The Nigerian government is planning to sell stakes in about 20 state-owned companies in a bid to raise funds and improve governance in those...
NNPC blames ‘market realities’ for new petrol price of N617
Nigeria’s main oil company NNPC Ltd says it increased the price of petrol Tuesday in response to “market realities”, implying higher costs of crude...