The Nigerian National Petroleum Company (NNPC) has acquired downstream assets of OVH Energy, the company behind the Oando retail brand in Nigeria. The acquisition was announced on Saturday in Abuja during the unveiling and rebranding of one of the retail…
Despite recording a gross revenue of over N2.8 trillion from crude oil and gas sales this period, the Nigerian National Petroleum Company Limited (NNPC) has failed to carry out its obligation of remitting funds to the account of the federation…
For a very long time, Nigeria’s economy has been ravaged by the incessant crude oil theft that has made it impossible for the country to meet it’s crude oil production quota. The federal government disclosed that the country loses about…
Globally, downstream is one of the lucrative sectors of the oil and gas industry. Nigeria as one of the countries where crude oil remains a major contributor to the Gross Domestic Product have had several filling stations over the years.…
