NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries
The Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday that it achieved a record profit of N2.548tn in 2022, ...
Tag: Petroleum Industry Act
Exxon Mobil’s Lawsuit Against NMDPRA Dismissed by Federal High Court
In a significant legal development, Justice Inyang Ekwo of the Federal High Court in Abuja has dismissed a lawsuit brought ...
Dangote Refinery Set to Drive Further Fuel Price Hike in Nigeria.
A recent report by the Economist Intelligence Unit (EIU) has projected that the Dangote Refinery, nearing completion in Nigeria, will ...
Nigeria’s Upstream Capital Expenditure Declines to $6 Billion, Regulatory Uncertainty Cited
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant decline in the country's annual upstream capital expenditure (CAPEX) ...
NNPC Aims to Increase Oil Production to 1.7 to1.8 Million Barrels per Day by 2024.
Nigeria's national oil company, the Nigerian National Petroleum Company Limited (NNPC), is eyeing several oil blocks and fields in the ...
Federal Government Grants Licenses to NNPCL for Establishment of Crude Export Terminals.
The Nigerian Federal Government has issued licenses to NNPCL Exploration and Production Ltd. and Belema Sweet Export Terminal Ltd. for ...
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