81BIL SPENT ON REFINERIES BETWEEN JANUARY AND AUGUST WITHOUT REFINING A SINGLE BARREL OF OIL- NNPC

A total of N81.41bn was expended on Nigeria’s refineries between January and August this year but the facilities refined no drop of crude oil all through this period, latest data obtained from the Nigerian National Petroleum Corporation showed. Kaduna Refining and Petrochemical Company, Port Harcourt Read More …

OIL MARKETERS DENY NNPC STORY, ‘WE DIDN’T RECEIVE 5.35BIL SUBSIDY ON OIL, NOTHING WAS PAID TO ANYBODY’

Oil marketers on Monday expressed surprise over the resurfacing of petrol subsidy in June 2020 as disclosed by the Nigerian National Petroleum Corporation in its latest operations report. According to marketers of petrol, the government had since March this year declared that the downstream oil Read More …

NNPC BLOWS 100MIL DOLLARS TO INSURE NON-EXISTING OVERSEAS ASSETS, REPS INVESTIGATE

From Victor Oluwasegun, Abuja An investigative hearing into the $100 million premium allegedly paid by Nigerian National Petroleum Corporation (NNPC) and Joint Ventures (JVs) for non-existing assets overseas as well as the implementation of insurance policies of other Ministries, Departments and Agencies (MDAs) began yesterday. Rep. Read More …