Monday, September 21, 2020
MARKET UPDATE
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Petrobarometer

NNPC records N20.36bn trading surplus in July — up from N2bn in June

    NNPC records N20.36bn trading surplus in July — up from N2bn in June

The Nigerian National Petroleum Corporation (NNPC) says its trading surplus increased by 860 percent from N2.12 billion in June to N20.36 billion in July 2020. The figures are contained in

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NBS: Taraba residents paid highest for petrol in August

    NBS: Taraba residents paid highest for petrol in August

Premium motor spirit (petrol) was most expensive in Taraba in August, a report released by the National Bureau of Statistics (NBS) has shown. According to the premium motor spirit (petrol)

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Zainab Ahmed: Dangote refinery may not significantly reduce petrol price

    Zainab Ahmed: Dangote refinery may not significantly reduce petrol price

Zainab Ahmed, the minister of finance, budget and national planning, says the Dangote Refinery being constructed may not significantly reduce the retail price of petrol. Speaking in an interview with

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NNPC to open CNG refill plants nationwide

    NNPC to open CNG refill plants nationwide

The Nigerian National Petroleum Corporation (NNPC) has pledged to support plans by the ministry of petroleum resources to provide an alternate energy source for Nigerians by opening compressed natural gas

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Mele Kyari: Outburst against removal of fuel subsidy is misplaced

    Mele Kyari: Outburst against removal of fuel subsidy is misplaced

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the outburst against the removal of fuel

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Malabu: FG asks Shell, Eni to pay $1.1bn advance for damages

    Malabu: FG asks Shell, Eni to pay $1.1bn advance for damages

The federal government has asked Eni and Royal Dutch Shell to make an advance payment of $1.092 billion as damages

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Our modular refinery will meet 100% of black oil demand, says Edo refinery company

    Our modular refinery will meet 100% of black oil demand, says Edo refinery company

The Edo Refinery and Petrochemical Company (ERPC) says the Edo modular refinery will, at full capacity, meet 100 percent of

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PPPRA steps back as oil marketers get go-ahead to fix retail petrol price

    PPPRA steps back as oil marketers get go-ahead to fix retail petrol price

The Petroleum Products Pricing Regulatory Agency (PPPRA) says it would no longer provide a price band at which marketers will

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Petroleum products marketers back FG on subsidy removal

    Petroleum products marketers back FG on subsidy removal

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), has commended the federal government for its decision to allow

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NNPC ‘gets $1bn’ to fund upstream operations of NPDC

    NNPC ‘gets $1bn’ to fund upstream operations of NPDC

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of approximately $1 billion to support the upstream operations

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