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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

Lead Investigation

Revealed: Why EFCC is probing Kyari, top ex-NNPC officials

THE Economic and Financial Crimes Commission (EFCC) grilled the former Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, on Wednesday afternoon, over multi-billion controversial contracts, including a near $3 billion refinery outlay, during his tenure. He is not the only ex-NNPC chief that has been quizzed. Nearly all the […]

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Oct 17, 2023 post

Exclusive: NNPC spends N17trn on refineries’ turnaround maintenance in 20 years

THE Nigerian National Petroleum Company Limited (NNPCL), formerly the Nigerian National Petroleum Corporation (NNPC), has spent N16.7 trillion (approximately N17 trillion) on the turnaround maintenance of the nation’s three refineries between 2002 and 2022, a competent source close to the national oil company told Economy Post. The source, who has worked in two of the […]