NNPC posts N748 billion net profit in April
The state oil company declared a revenue of N5,891 billion for April.
The state oil company declared a revenue of N5,891 billion for April.
“We extend an invitation to our esteemed former president to join us in this historic journey," Mr Soneye said.
The Federal Executive Council last year approved the award of the contract for the rehabilitation of Warri and Kaduna Refineries ...
There is no evidence the huge debt has been repaid, and it highlights how the state-owned firms is run and ...
With zero production, the Warri and Port Harcourt refineries respectively gulped ₦42.1 billion and ₦43.8 billion from the country's coffers.
Details of the NNPC financial statement raise concerns yet again about the continued operation of refineries by the NNPC.
The refinery produced 24,504,000 litres of Kerosene since January and 19,158,000 litres had been evacuated.
"...our commitment to bringing the refineries on-stream is still very deep and we are very serious about it."
"Some of the intended sales could be in form of time-bound leases, advance renewal payments on leasing licenses and concessioning," ...
Officials say the plant resumed operation on Friday.
The Corporation also said it paid N85.96 billion into the Federation Account for January 2016.
Fuel production in Kaduna Refinery increased from 1.5 million litres per day to 3.2 million litres of petrol daily
The refinery will produce 1.6 million litres of petrol daily.
NNPC generated N44.2 billion from the sale of white petroleum products in August.
The refinery has undergone turn around maintenance.
The plant operates at 60 per cent capacity. ---------------------------------------- The Managing Director, Kaduna Refinery and Petrochemical Company, Saidu Mohammed, has ...
Party questions presidency's deception The Conference of Nigerian Political Parties, CNPP, has commended the oil workers unions for stopping President ...
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