
Nigerian National Petroleum Corporation (NNPC)







NNPC's new directive to marketers may cause another fuel scarcity, as many of them say they cannot afford to raise funds to order fresh supplies from the firm.

Energy analysts believe the new exchange rate policy by the Federal Government could impact the price of petroleum products, driving up the cost above N800.

Nigeria has regained its position as Africa's top crude oil producer, according to the latest report from the Organization of Petroleum Exporting Countries.

TotalEnergies said it has made vast discoveries of oil and gas deposits in located in the Ntokon area in Nigeria. NNPC owns the facility with TotalEnergies.

A civil rights activist, Kolawale Johnson, said the ordinary or poor Nigerian benefits nothing from fuel subsidy, adding that fuel subsidy favours only the rich

Prominent Nigerian economist, Bismarck Rewane, said Nigeria's fuel subsidy is reduced, not eliminated, as the government strives to maintain lower fuel prices.

Presidency sources have dismissed reports claiming President Tinubu has suspended Mele Kyari as the GCEO of the Nigerian National Petroleum Company Ltd (NNPC).

Nigerians have taken to social media to share receipts of their purchase of cooking, showing a considerable drop in the price of the commodity in the country.

The Organization of the Petroleum Exporting Countries (OPEC) has decided to cut down crude oil production of member countries which include Nigeria by 350,00
Nigerian National Petroleum Corporation (NNPC)
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