Nigerian National Petroleum Corporation (NNPC) has hinted that pump price of premium motor spirit (PMS) may be increased soon, as it described the N145 pump price as the cheapest in West Africa. The new Group Managing Director (GMD), Mele Kyari, stated this yesterday during a visit to Senate President Ahmed Lawan at the National Assembly complex, Abuja.

The Nigerian National Petroleum Corporation (NNPC) has explained the reasons behind its recent replacement of top management cadre within the corporation.

The Nigerian National Petroleum Corporation (NNPC) says it transferred N153.01 billion into the federation account in January.

The Nigerian National Petroleum Corporation (NNPC) and its exploration and production subsidiary, Nigerian Petroleum Development Company Limited (NPDC), are set to unveil the largest Liquefied Petroleum Gas (LPG) and Propane storage and dispensing facility in Oredo, Benin City, Edo state.

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing Organisation of Petroleum Exporting Countries (OPEC)-led supply cuts.