The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March 2021 representing a 24.7% increase from the ₦188.15billion sales recorded in the previous month of February 2021.…
Atlantic Energy Drilling Concept Nigeria Limited, an oil firm owned by Olajide Omokore, that allegedly swindled billions of dollars from the flagship subsidiary of the Nigerian National Petroleum Corporation, Nigeria Petroleum Development Company, is to refund $1.6bn to the oil firm following recent judgments obtained by the NNPC. NNPC’s Group…
One of Nigeria’s financial institutions, Ecobank Nigeria, has thrown its full weight behind the fight against oil pipeline vandalism in Nigeria, which has become a big headache to the Nigerian government and the security agencies in the country. The respected bank recently donated two Hilux vehicles to the Pipelines and…