Tag Archives: Nigerian national petroleum corporation

Nigeria ceded its place as Africa’s leading oil producer to Angola, after dominating the ranking for several years. The causes related to this demotion are the failing infrastructure, corruption and theft of oil. Nigeria’s oil production has been falling steadily since 2020, and it is now at its lowest in …

Government in Nigeria said under a new law which came into effect on Tuesday, it will disband state-owned oil company. The Nigerian National Petroleum Corporation would be replaced by an independent company. President Muhammadu Buhari said the Petroleum Industry Law, which was nearly 20 years in the making, marked the …