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All posts tagged "NNPC"

  • NNPC owes Federation Account N862b -NEITTI

    The Nigerian National Petroleum Corporation (NNPC) owed the Federation Account N862billion between 2004 and 2008, the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mrs. Zainab Ahmed, has said. But the NNPC denied this, saying that the figure...

    • Posted November 3, 2011
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  • NNPC, PPPRA overdraw subsidy by N1.079tr in nine months – RMFAC

    Drama, accusations and rising temper characterised yesterday’s investigation by the House of Representatives into the non-remittance of N450 billion into the Federation Account. Federal Government top officials openly disagreed and confronted each other over the operations of the Nigerian...

    • Posted November 2, 2011
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  • NNPC seeks $1.5 billion loan from international lenders

    Nigerian National Petroleum Corporation, NNPC, is making plans to secure a $1.5 billion, five-year amortising restructuring syndicated loan from international lenders, bankers close to the deal revealed. The deal will mark NNPC’s first internationally-syndicated loan, according to...

    • Posted October 7, 2011
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  • Nigeria Oil Output down on Opec Constraints

    Nigeria is producing 1.8 million barrels of oil per day, down from a capacity of 2.5 million bpd as the West African nation adheres to its Opec output restrictions, an official at Nigerian National Petroleum Corporation said...

    • Posted September 20, 2011
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  • Jonathan sets up oil spill report committee

    Nigerian President Goodluck Jonathan on Wednesday constituted a committee to review this month’s United Nations report on oil spills in Africa’s largest crude exporter, which was critical of Royal Dutch Shell (RDSa.L) and the Nigerian state-oil firm....

    • Posted August 18, 2011
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  • NNPC to Take $2 Billion Loan From Japanese Companies to Fund Brass LNG

    Nigeria NNPC plans to take a $2 billion loan on concessionary terms from a group of Japanese companies led by the Japan Bank for International Cooperation to fund its equity in Brass LNG project, a company spokesman...

    • Posted August 15, 2011
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  • NNPC dollar sales strengthen naira

    The naira firmed against the U.S. dollar on Monday, buoyed by the sales of around $400 million by Nigerian National Petroleum Corporation (NNPC) to selected banks on Friday. The naira closed at N151.80 to the dollar compared...

    • Posted July 12, 2011
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  • NPDC Moves to Acquire More Oil Blocks

    The Nigerian Petroleum Development Company Limited (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) may acquire two additional oil blocks relinquished by International Oil Companies (IOCs). Oil giants, Shell Petroleum Development Company of Nigeria...

    • Posted April 26, 2011
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  • Portugal Receives LNG Shipment from Nigeria

    Portugal’s port of Sines has received a shipment of Liquefied Natural Gas (LNG) from Nigeria. The LNG Sokoto, according to the website of administracao do porto de sines SA, Portugal’s port’s management company, sailed from the Nigeria...

    • Posted April 26, 2011
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  • Nigeria’s Gas Revolution And The Trinidadian Model

    THE Federal Government of Nigeria is provoking multiple revolutions through gas, the alternative revenue earner to crude oil. This comes on the heels of the $10bn MOU signed on March 24, 2011 by the Nigeria National Petroleum...

    • Posted April 17, 2011
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