NNPC: Buhari reconstitutes NNPC board

May 30, 2020 By Premium Times President Muhammadu Buhari has approved the reconstitution of the board of the Nigerian National Petroleum Corporation (NNPC). This was announced in a statement by presidential spokesperson Femi Adesina on Thursday. The reconstitution followed the expiration of the term of the board members appointed in 2016. Members of the new board are: Mohammed Lawal (North West), Tajudeen Umar (North East), Adamu … Continue reading NNPC: Buhari reconstitutes NNPC board

NNPC sets $10 oil production cost target by 2021

May 29, 2020 By Bassey Udo With its current unit cost across all operating terrains averaging between $9 and $22 per barrel, the Nigerian National Petroleum Corporation (NNPC) says it has set an oil production cost target ceiling of $10 per barrel by 2021. The Group Managing Director of the corporation, Mele Kyari, who announced this during a web meeting with news editors said high oil production … Continue reading NNPC sets $10 oil production cost target by 2021