OIL & GAS
-
FG implements 7.5% VAT on diesel, Nigerians kick
President Bola Tinubu The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5…
Read More » -
2022 In Review: SNEPCo Pays $900million In Taxes, Royalties
Mrs Elohor Aibani, Managing Director, SNEPCo Shell Nigeria Exploration and Production Company (SNEPCo) has paid a total of $907 million…
Read More » -
Dokubo Offers To Help In Curbing Oil Theft In Niger Delta
President Tinubu and Dokubo Asari Dokubo, a former militant leader and a Niger Delta activist has offered to assist the…
Read More » -
NNPCL issues oil marketers fresh directive on refund, new price
Kyari The Nigerian National Petroleum Company Limited (NNPCL) has issued a fresh directive to oil marketers on how to go…
Read More » -
Shell Unveils 8 Host Community Trust In Rivers
The Shell Petroleum Development Company SPDC and its joint venture partners, NNPC/SPDC/TotalEnergies/NAOC has unveiled eight Host Community Development Trusts (HCDTs) in…
Read More » -
Fuel Subsidy: Tinubu Advised To Unsure All Accruals Goes Into Federation Account
The Forum of Commissioners for Finance of Nigeria has advised President Bola Tinubu’s government to ensure all accruals from the…
Read More » -
How NNPCL Withheld N8.48tr From Federation Account – RMAFC
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disclosed how Nigeria National Petroleum Company (NNPC) Limited withheld about N8.48…
Read More » -
Nigeria Recorded 7% Growth In Oil Earnings In 2022
Nigeria’s oil earning from the petroleum industry rose to of N4.641 trillion in 2022 from N4.358 trillion in 2021 signifying…
Read More » -
NNPC Limited Provides Clarity On 2021 PAT
The Nigeria National Petroleum Company Limited, NNPCL, has offered clarification on the Profit After Tax, PAT, figures discussed by its…
Read More » -
Financial Analysts Assess Fuel Subsidy Removal Costs To Listed Companies
The cost of fuel subsidy removal will be felt by listed companies either in the form of increases in direct…
Read More » -
800 petrol tankers converted to supply gas – Marketers
Oil marketers are currently converting some of their trucks to start supplying gas to filling stations in order to dispense…
Read More » -
Marketers struggle to raise N10bn for new petrol orders
Many depot owners may soon shut down their facilities due to the inability to meet the new financial requirement of…
Read More » -
NNPCL to cut fuel import from August
The Nigerian National Petroleum Company has confirmed that once the Dangote Refinery starts pumping out refined petroleum products from late…
Read More » -
Subsidy: Inflation May Rise To 30% In June, Warns KPMG
The removal of the petrol subsidy and the attendant new prices of Premium Motor Spirit popularly known as petrol across…
Read More » -
NNPCL Announces Adjustment In Petrol Pump Price Across States
The Nigerian National Petrol Company (NNPC) Limited has announced the hike in the pump price of Premium Motor Spirit also…
Read More » -
Dangote, PH refineries, others won’t change fuel price – NNPCL
•Refineries’ production, input costs will raise price to current level – Kyari •NNPCL says 1.8 billion litres petrol available,…
Read More » -
Reps panel lays subsidy probe report 11 months after
The House of Representatives Ad Hoc Committee on the Need to Investigate the Petroleum Products Subsidy Regime in Nigeria…
Read More » -
NNPCL subsidiary rakes in N256bn revenue – Report
The Nigerian National Petroleum Company Retail Limited, a retail subsidiary of the NNPC Limited group, raked in total revenue…
Read More » -
IPMAN opposes Tinubu subsidy removal plan, queues return
The Independent Petroleum Marketers Association of Nigeria has opposed the plan by President Bola Tinubu to enforce his predecessor’s…
Read More » -
NNPC resumes oil drilling in Borno
The Nigerian National Petroleum Company Ltd has resumed an oil drilling campaign at the Wadi-B located in Jere Local…
Read More »