Archives Tag: Nigerian National Petroleum Corporation

BUSINESS

NNPC Cuts Petrol Depot Price to ₦108

April 19, 2022

The Nigerian National Petroleum Corporation has again lowered the ex-depot price of petrol. The latest reduction, announced on Wednesday, will see PMS sold to marketers at ₦108 per liter, down from ₦113.28 per liter. Final consumers can now expect a similar cut to the price of the product at petrol stations. In March, the ex-depot … Continue reading NNPC Cuts Petrol Depot Price to ₦108

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ECONOMY

Bionas’ $2.5 Billion Investment Could Bring Nigeria’s Bio-Fuel Industry to Life  

April 19, 2022

Today, the streets of Lagos, Abuja, Port Harcourt and Kano are traversed by vehicles that guzzle fossil fuels and belch greenhouse gases. Nigeria doesn’t emit as much environmentally unfriendly gas as the world’s biggest polluters, but its growing population, with its urbanizing tendencies and adherence to the western industrialization model, could make it one in … Continue reading Bionas’ $2.5 Billion Investment Could Bring Nigeria’s Bio-Fuel Industry to Life  

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BUSINESS ECONOMY Energy News

NNPC Earns $20.9 Billion from Crude Oil Sales in 2013

April 19, 2022

The Nigerian National Petroleum Corporation (NNPC) has put its 2013 revenue from oil sales for Year to Date, at $20,907,063,959.35 from 191,939,235 barrels of crude oil sold. NNPC did in a presentation to the Committee of Petroleum (Upstream) of the House of Representatives on Thursdays. According to NNPC, “In January, it sold 37,675,591.00 barrels of … Continue reading NNPC Earns $20.9 Billion from Crude Oil Sales in 2013

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