What is Nigerian National Petroleum Corporation?
{{Infobox company | name = Nigerian National Petroleum Corporation | logo = | type = [[State-owned enterprise]] | industry = [[List of petroleum companies|Oil and gas]] | founded = {{start date and age|df=yes|1977}} | hq_location = [[Abuja]], [[FCT, Nigeria|FCT]], Nigeria | key_people = [[Mele Kyari]] (GMD) | products = [[Crude Oil]], Gas, [[petroleum products]], [[petrochemical]] | website = {{url|nnpcgroup.com}} }} '''Nigerian National Petroleum Corporation''' is the oil producing corporation which the federal government of Nigeria regulates and participates in the country's petroleum industry. The NNPC business operations are managed and own through Strategic Business and Corporate Services Units in diverse locations across Nigeria.<ref>{{Cite web|title=Nigerian National Petroleum Corp - Company Profile and News|url=https://www.bloomberg.com/profile/company/58325Z:NL|access-date=2021-04-25|website=Bloomberg.com|language=en}}</ref> == History == NNPC was founded on 1st April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. Nigerian government conducts petroleum exploration and production.<ref>{{Cite web|last=Falae|first=Vivian|date=2019-07-15|title=Brief overview of the NNPC's history - Top facts to know|url=https://www.legit.ng/1114719-history-nnpc-operating-arms.html|access-date=2021-04-25|website=Legit.ng - Nigeria news.|language=en}}</ref> In December 2021, the Federal Government of Nigeria and the Nigeria National Petroleum Corporation (NNPC) Ltd signed a N621 billion Memorandum of Understanding to finance the construction of critical road infrastructure in Nigeria.<ref>{{Cite news|url=https://www.financialafrik.com/2021/12/22/nigeria-accord-entre-le-gouvernement-et-la-compagnie-petroliere-nationale-pour-le-financement-des-routes/|title=Nigeria : accord entre le gouvernement et la compagnie pétrolière nationale pour le financement des routes|date=2021-12-22|work=Financial Afrik|access-date=2021-12-22|language=fr}}</ref> == References =