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    Nigerian National Petroleum Corp

    • Wednesday, 2 April, 2025
      Nigeria appoints former Shell executive to lead state-owned oil group

      President Bola Tinubu replaces NNPC board as country tries to boost production

      Cars are lined up at an NNPC Mega petrol station, with several vehicles waiting to refuel and attendants in yellow uniforms serving customers at the pumps
    • Friday, 20 December, 2024
      Oil & Gas industry
      Shell tied new Nigeria offshore investments to approval for oil asset sale

      Approval for exit from operation at centre of decades of criticism over environmental impact marked sharp turnaround

      Bonga offshore production facility
    • Tuesday, 29 October, 2024
      Aliko Dangote
      Nigeria’s president summons Aliko Dangote over supplies to new oil refinery

      Meeting on Tuesday is needed to release more crude for refinery, says industrialist

      A view of the Dangote Petroleum Refinery and Petrochemicals complex in Lagos, showcasing large industrial pipes and structures.
    • Monday, 21 October, 2024
      Oil & Gas industry
      Nigeria rejects Shell’s planned sale of $1.3bn onshore production unit

      Decision comes on the same day as ExxonMobil wins approval for long-delayed asset sale in Niger Delta

      Oil covers stagnant water over Shell pipeline in Ogale, Rivers State, Nigeria, in February 2024
    • Friday, 8 December, 2023
      Dangote Group
      Nigeria’s Dangote oil refinery closer to production after years of delays

      First batch of crude from Shell’s oil trading arm marks milestone for refinery

      Aliko Dangote
    • Sunday, 28 June, 2020
      Nigeria
      Nigeria oil chief promises more transparency at state producer

      NNPC has published first accounts in 43-year history as critics call for group to be dismantled

    • Monday, 8 October, 2018
      African companies
      Nigeria’s fuel subsidies bill set to soar on rising oil price

      Fragile economy in peril as lack of refining capacity negates benefit of pricier crude

      Heavy traffic is seen on the Lagos-Abeokuta expressway in Nigeria's commercial capital Lagos...Heavy traffic is seen on the Lagos-Abeokuta expressway in Nigeria's commercial capital Lagos November 11, 2010. REUTERS/Akintunde Akinleye (NIGERIA - Tags: TRANSPORT SOCIETY) - RTXUILX
    • Monday, 18 December, 2017
      African companies
      Nigeria oil strike threatens to disrupt supply
    • Sunday, 27 November, 2016
      Oil
      Western oil majors put off by Nigerian government’s ‘cash calls’

      A draft reform law is keeping companies in wait-and-see mode

      An employee speaks on a radio at the perimeter security fence of the Agbada oil flow station, operated by Shell Petroleum Development Co. (SPDC) in Port Harcourt, Nigeria, on Wednesday, Sept. 30, 2015.
    • Tuesday, 8 November, 2016
      US companies
      Western oil companies reach $5bn deal with Nigeria

      Shell, Exxon, Eni, Chevron and Total involved in settlement over joint venture costs

      Nigeria Oil...A Shell employee at work at the Agbada II flow station which has been effected by the locals within the community shutting down the Agbada I flowstation, reducing the amount of natural gas piped into their station and the amount of crude produced in a day, Nigeria on Aug. 20, 2005. Oil multinationals in Nigeria resumed operations on Monday Sept. 26, 2005, after Mujahid Asari-Dokubo, a militia leader who has been arrested and charged with treason ordered his men to refrain from violence. Multinationals were on alert over the weekend following a threat by a Niger Delta militia group to wipe out Nigeria's oil industry if their leader Mujahid Asari-Dokubo, who was arrested last week, was not released
    • Thursday, 25 August, 2016
      Currencies
      Nigerian lender UBA readmitted to foreign exchange market
    • Wednesday, 24 August, 2016
      Currencies
      Nigerian central bank suspends 9 lenders from FX trading
    • Monday, 4 July, 2016
      African companies
      Nigeria president shakes up state oil group

      Muhammadu Buhari tackles conflict of interest by ousting minister from executive role

      A man walks on a pipeline running through the proposed Dangote oil refinery site near Akodo beach in the outskirt of Nigeria's commercial capital Lagos June 25, 2016.REUTERS/Akintunde Akinleye
    • Thursday, 30 June, 2016
      Global Economy
      Nigeria unveils energy infrastructure deals with China

      Analysts cautious on whether $80bn upgrade of oil and gas infrastructure will be implemented

      A man walks on a pipeline running through the proposed Dangote oil refinery site near Akodo beach in the outskirt of Nigeria's commercial capital Lagos June 25, 2016.REUTERS/Akintunde Akinleye
    • Friday, 6 May, 2016
      US companies
      Chevron caught in Niger Delta crossfire

      Militants attack offshore platform as part of campaign against Nigerian president

      Nigerian Economy And Oil In Niger Delta And Port Harcourt...A man holds a pool of black oil in the palm of his hands, collected from oil pollution caused by a damaged pumping station, previously operated by Royal Dutch Shell Plc, near the Ogoniland village of K-Dere, Nigeria, on Wednesday, Jan. 13, 2016. With his security forces engaged in fighting Boko Haram's Islamist insurgency in the north, President Muhammadu Buhari can't afford renewed rebellion in the delta. Photographer: George Osodi/Bloomberg
    • Sunday, 24 April, 2016
      African companies
      Nigeria oil output forecasts drop sharply

      Promised overhaul of state-owned Nigerian National Petroleum Corporation remains unclear

      An employee talks on a radio near the helicopter landing deck as gas flare burns beyond aboard the Agbami floating oil production, storage and offloading vessel (FPSO), operated by Chevron Corp., in the Agbami deepwater oilfield in the Niger Delta, Nigeria, on Wednesday, Dec. 2, 2015. Nigeria plans to review agreements for deep offshore oil production to seek more favorable terms in line with the latest industry standards, state-owned Nigerian National Petroleum Corp. said. Photographer: George Osodi/Bloomberg
    • Friday, 8 April, 2016
      Oil
      Nigeria considers plan to sell stake in state oil giant
    • Thursday, 7 April, 2016
      African companies
      Nigeria’s dollar crunch adds to fuel crisis

      Refinery woes, currency controls and militant attacks combine to prolong acute shortage

      People queue with their vehicles to buy fuel in front of a fuel station at Agege district in Lagos, Nigeria April 5, 2016. To match NIGERIA-OIL/ REUTERS/Akintunde Akinleye
    • Tuesday, 15 March, 2016
      Currencies
      Nigeria’s auditor general identifies $16bn oil discrepancy

      New questions about previous government’s management of windfall earnings

      A man carries empty petrol containers outside the NNPC mega petrol station in Abuja, Nigeria May 25, 2015. REUTERS/Afolabi Sotunde - RTX1EGP6
    • Saturday, 12 March, 2016
      African companies
      Protests show challenge of reform in Nigeria

      Restructuring of state-owned oil company triggers strike

    • Tuesday, 8 March, 2016
      African companies
      Nigeria president approves overhaul of state oil company

      NNPC chief Emmanuel Ibe Kachikwu says company will be ‘unbundled’ into five divisions

      A worker controls the valve at the new Port Harcourt refinery built in 1989 at the same site where the first refinery in Nigeria was built in 1965 in oil rich Port Harcourt, Rivers State, on September 16, 2015
    • Monday, 15 February, 2016
      African companies
      NNPC unveils first accounts in decade

      Nigeria’s state oil company under new management aims to clean up act after scandals

      Nigerian Economy And Oil In Niger Delta And Port Harcourt...A street vendor helps a customer refuel his motorcycle with petrol sold in plastic bottles at a roadside store in Port Harcourt, Nigeria, on Wednesday, Jan. 13, 2016. With his security forces engaged in fighting Boko Haram's Islamist insurgency in the north, President Muhammadu Buhari can't afford renewed rebellion in the delta. Photographer: George Osodi/Bloomberg
    • Monday, 8 February, 2016
      Oil
      ‘Artificial’ forex rate hurts Nigeria’s Buhari, says Lamido Sanusi

      Ex-central bank chief says president risks undermining progress on graft and terror

      Lamido Sansusi, governor of the Central Bank of Nigeria, speaks during the Sir Patrick Gillam lecture about the economic problems of sub-Saharan Africa at the London School of Economics in London, U.K., on Monday, Jan. 23, 2012. Sanusi said Jan. 16 that it may be "counter productive" to raise interest rates in response to a jump in fuel prices that will probably push up inflation. Photographer: Jason Alden/Bloomberg *** Local Caption *** Lamido Sansusi
    • Sunday, 15 November, 2015
      Currencies
      Nigerian cabinet hints at austere rule

      Meetings to focus on policy, not ‘doling out contracts’

      Nigeria's new President Mohammadu Buhari waves to the crowd during his inauguration at the Eagles Square in Abuja, on May 29, 2015. Buhari, 72, defeated Goodluck Jonathan in March 28 elections -- the first time in Nigeria's history that an opposition candidate had beaten a sitting president. AFP PHOTO/PIUS UTOMI EKPEI        (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)
    • Sunday, 11 October, 2015
      European companies
      Western oil groups warn against Nigerian contracts overhaul

      Changes would affect companies such as Royal Dutch Shell, Chevron, Eni and ExxonMobil

      Aerial view of Nigeria Liquefied Natural Gas (NLNG) carrier ship at Bonny Island plant in Rivers State on March 22, 2013. Shell Petroleum Development Company of Nigeria (SPDC) has threatened to shut down production in April for nine days in the entire Nembe Creek Truck Line (NCTL) to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. "Whenever we observe a spill, or have a spill on our lines, we shut down production to depressurize and isolate the line, only then can we safely repare our lines because it is then safe to manipulate the line", said Jurgen Jonzen, SPDC corporate pipeline asset manager. Last year, 157 bunkering points were removed and 116 were leaking on the whole SPDC exploitation. Since 2009, SPDC has exprienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation of the region and forcing the company to lose 60 000 barrels daily this year. AFP PHOTO / PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)
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