FAAC Receives Full PSC Revenue as NNPC Enforces Executive Order 9
Nigeria’s Federation Account Allocation Committee (FAAC) is set to receive 100% of revenues generated from Production Sharing Contracts (PSCs) following ...
Tag: NNPC
IPMAN Questions NNPC’s Push for Bigger Stake in Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria has criticised the Nigerian National Petroleum Company Limited over its interest in increasing ...
Trump’s Venezuela Oil Push Threatens Nigeria’s US Crude Market
Nigeria risks losing a significant share of its lucrative crude oil exports to the United States as President Donald Trump’s ...
Dangote Rejects NNPC Bid for More Refinery Shares as Local Petrol Supply Surges
Alhaji Aliko Dangote, President of the Dangote Group, has revealed that his company rejected attempts by the Nigerian National Petroleum ...
US Crude Oil Imports From Nigeria Drop by Over 15% in Early 2026
The United States reduced its crude oil imports from Nigeria during the first three months of 2026, according to new ...
NNPC Posts N276 Billion Profit in March
The Nigerian National Petroleum Company Limited has reported a profit after tax of N276 billion for March 2026, a significant ...
Nigerian Oil Trader Faces Global Asset Freeze After $40m Debt Default
A Nigerian crude oil trader is facing a global asset freeze following a $40 million debt default, in a case ...
Oil Jumps as Violence Flares After Trump’s Offer to Help Ships Through Strait of Hormuz
Global oil prices surged on Monday following renewed violence in the Strait of Hormuz, after President Donald Trump offered US ...
NNPC Signs China Deal to Revive Warri, Port Harcourt Refineries
Nigeria’s state owned oil company, NNPC Limited, has signed a memorandum of understanding (MoU) with two Chinese firms to rehabilitate ...
Executive Order Boosts NNPC Remittances to FAAC by 60 Percent
The Nigerian National Petroleum Company has reported a significant 60 percent increase in remittances to the Federation Account, reaching N2.88 ...
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