Private fuel marketers have yet to reduce the pump price of Premium Motor Spirit (petrol), while retail stations belonging to the Nigerian National Petroleum Corporation have started selling at N125 per litre.

The Nigerian National Petroleum Corporation, NNPC, and its Joint Venture Partners of Shell Petroleum Development Company, SPDC, Total Exploration and Production of Nigeria, TEPNG, and Nigerian Agip Oil Company, NAOC, have disbursed $360 million of  the $1 billion recommended towards the Ogoniland Clean-Up project by the United Nations Environment Programme, UNEP.

Seven international oil companies in Nigeria will be investigated by the Senate. The lawmakers have instructed three committees to probe the oil companies after a motion from the Vice-Chairman, Senate Committee on Petroleum Resources, Ifeanyi Ubah. 

A new report by the Nigerian National Petroleum Corporation (NNPC), has revealed that the Federal Government spent a total of N650.2 billion on petrol subsidy between April 2018 to March 2019.

Mallam Mele Kyari, the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) has explained that the Corporation is looking forward to having a partnership with Dangote Refinery in order to turn Nigeria into a fully fledged fuel-exporting country.