Can NNPC explain N68.82bn income with N192.1bn OPEX on three refineries?
The happiness of many industry watchers on recent financial statements of several subsidiaries of the Nigerian National Petroleum Corporation (NNPC) showing boom in income seemed to have been cut short with latest financial reports coming from the Corporation. Besides, many…
GELU seals multiyear services deal with GE to power Nigeria’s largest oil refinery
GE’s Power Services on Tuesday, announced it has signed a multiyear service agreement (MYA) with GEL Utility Limited (GELUL), a joint subsidiary of Engro Corporation of Pakistan and Genesis Power & Energy Solutions, to support the power generation requirements of…
Vandalism in N/Delta forces NNPC to post N34bn loss in Q1, only PH refinery made profit
Added to losses recorded in gas production and supplies within the period, latest report on the financial performance of the Nigerian National Petroleum Corporation (NNPC) in first quarter was in red with a total loss in third consecutive monthly income…
