NPDC

By TAYO ELEGBEDE The Nigerian National Petroleum Corporation (NNPC) has disclosed in its Monthly Financial and Operations Report (MFOR) for March, 2020 that it recorded a trading deficit of ₦9.53billion for March 2020, a negative from…

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.23billion in October 2019, representing 54 percent increase over ₦8.59billion surplus of September last year. The corporation in a statement…

Seplat Petroleum Development Company is depending on tax credit rather than revenue growth for strength to build profit in the 2019 financial year. The company’s report for the third quarter operations in September affirms our…

The Nigerian Petroleum Development Company Limited, an upstream subsidiary of the Nigerian National Petroleum Corporation, on Friday reported a fire incident which occurred at its Oil Mining Lease 20 at Egbema-West, Imo State. It said…

The push by the Nigerian National Petroleum Corporation (NNPC) to increase crude oil production and grow the nation’s revenue profile gained momentum with the closure of $875.75m alternative financing deal for the Nigerian Petroleum…

Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has dismissed reports of an  explosion at its Abura Crude Trunk line.  Kyari  explained at the 2019 NNPC Upstream Golf Tournament in Benin City that the…

The Nigerian National Petroleum Corporation (NNPC) said it distributed 1.76bn litres of Premium Motor Spirit (PMS) representing 58.65 million liters/day in June . The corporation noted that it ensured continuous fuel supply and effective…

Group Managing Director of the Corporation, Dr. Maikanti Baru said that Nigeria’s current crude oil production is now steady at 2.3million barrels per day including condensates, growing from the 2.1 mbpd at the end of 2018 Baru also told…

The National Engineering and Technical Company of Nigeria (NETCO), the engineering subsidiary of the Nigerian National Petroleum Corporation, on Tuesday announced a profit before tax of N6.75 billion for the year ended 31st December 2018…

The Nigerian National Petroleum Corporation (NNPC) has reported $381.70 million from the sales of crude oil and gas in January, representing $36 million increase over $345.68 million posted in December 2018. A breakdown of the numbers…