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Tag: NNPC

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NNPC says 800,000-litre vessel caught with stolen crude will be destroyed

Nigeria's state-owned oil firm, NNPC Ltd, announced on Monday that it had successfully intercepted an 800,000-liter vessel carrying stolen crude oil off the coast,...

NLC suggests fuel subsidy showdown after NNPC ‘ambush’

The Nigeria Labour Congress seems ready for a showdown with the federal government over the removal of fuel subsidy, saying the decision of the...

At N557 a litre, margin of petrol price increase widest in 30 years

The Nigerian National Petroleum Company Limited has confirmed increasing the price of petrol across the country. The state oil firm said it was acting in...

Norway’s Golar gets deal to build floating LNG plant in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Norwegian Golar LNG, an operator of marine LNG infrastructure, to build a floating...

Seplat ‘confident’ Buhari will approve Mobil takeover before leaving office

Energy firm Seplat says it is pushing to conclude its bid to take over ExxonMobil’s shallow water business in Nigeria before the end of...

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Samsung expects 1400% growth in profit as AI booms

Samsung Electronics anticipates a 1400% increase in profits for...

Labour ends UK’s Conservative Party’s 14-year rule, gets new PM

The United Kingdom's Labour Party achieved a decisive victory...

Nigerian govt approves Eni’s sale of local unit to Oando

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted...

CBN warns banks against rejecting older, smaller dollar bills

The Central Bank of Nigeria (CBN) has warned commercial...

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