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Dataphyte’s story had exposed lies and half-truths told by Hyprep regarding the remediation of polluted sites in Ogoni, an ancient oil-producing town in Rivers State, South-South Nigeria.
...the price per barrel of crude oil dropped from N50,036 in July 2022 to N38,606 in January 2023, representing a 22.84 percent decrease.
About 4 of every 10 Nigerians are multidimensionally poor and experience deprivation in at least one of the Living standard-related deprivations that the National MPI 2022 captures for each household.
The state-owned oil and gas company, NNPC Limited, spent a whooping N5.3 trillion of its profit to subsidise petrol between 2017 and 2022.
Dataphyte’s Research arm, in its latest NNPC performance report, has spotlighted several issues of concern, such as high production costs, high credit sales, high indebtedness, low revenues and low gross profits, all linked to the poor financial management of the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries.
For many weeks, Nigerians have been battling with petrol scarcity.
Total crude oil production in Nigeria dropped from 735.24 million barrels in 2019 to 646.79 million barrels in 2020.This amounts to a 12.03% drop in output in 2020.
On a hot Sunday afternoon on the 6th of March 2022, Johnson Agwaza drove around town searching for fuel. After driving around the streets of Makurdi, the capital city of Benue State for some time, he finally finds a filling station selling fuel and only with a short queue.
Fuel scarcity took a much worse turn at the beginning of February and one month in, the fuel queues have remained long.
Nigerians have in the last two weeks been thrown into chaos amid scarcity of fuel in petroleum outlets across the country. Last week, The Nigerian Midstream and Downstream Petroleum Regulatory Authority said it found gasoline with methanol above national specifications in the supply chain and removed the fuel from circulation.
A Dataphyte review of the Nigerian National Petroleum Company reports shows that petrol consumption figures as at August 2021 was 1.516 billion litres.
The Nigerian National Petroleum Company (NNPC) has requested N3 trillion as fuel subsidy in 2022.
he Nigerian National Petroleum Corporation (NNPC) has failed to account for 104.48 million barrels of domestic crude oil it lifted in 2019.
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A Dataphyte review of the 2019 Auditor General’s Federation Annual Report shows that the country may have been shortchanged to the tune of N666.15 billion due to the discrepancies observed in the financial books of the Nigerian National Petroleum Corporation (NNPC) and Nigeria Custom Service (NCS).
In August 2021, Nigeria signed the Petroleum Industry Bill (PIB) into law. Before signing the bill, there had been concerns over the solvency of the Nigerian National Petroleum Corporation (NNPC), especially as it failed to record profit and the corporation’s revenue accounted for a part of the federal government’s revenue. In this report, we bring to you key points and major highlights of the act especially in relation to the profitability of the NNPC, host communities and gas flaring.
