OIL & GAS
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NLNG paid Buhari regime $5.3bn dividend — Report
The Federal Government has received about $5.28bn as dividends from the Nigeria Liquefied Natural Gas Limited under the regime of…
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N195/litre impossible, adamant marketers tell govt
Oil marketers, on Wednesday, said the supply of Premium Motor Spirit, popularly called petrol, had not yet stabilise and this…
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Fuel price to skyrocket as marketers threaten shutdown
The queues for Premium Motor Spirit, popularly called petrol, grew worse on Tuesday following an earlier directive to shut down…
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Oil revenue fell by N500bn in January – Report
Nigeria lost a total of N500bn in revenue in January as a result of low crude oil production in January,…
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Smuggling: Govt shuts 270 filling stations, deploys DSS
The Federal Government is now deploying operatives of the Department of State Services on tankers transporting Premium Motor Spirit, popularly…
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OPEC+ maintains status quo amid lower output from Nigeria
The Organisation of Petroleum Exporting Countries plus (OPEC+) coalition’s Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the group’s…
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NNPC expands dominance of Nigerian oil sector, takes over Addax assets
Barely four months after acquiring OVH Energy Marketing (OVHEM) Limited, Nigerian National Petroleum Company Limited (NNPC), yesterday, announced takeover of…
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Oil blocs licensing will end in April –FG
The Federal Government, on Monday, announced that the licensing round for seven deep offshore open oil blocs, which commenced on…
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Subsidy: Stop 100 per cent fuel importation, Labour charges govt
• Local refining is way out, says PENGASSAN • Govt using subsidy to blindfold masses, says Okon • Declare state…
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BEDC Engages 11 Aggregators, 10,000 Billing, Payment Agents In Edo, Others
The Management of the Benin Electricity Distribution Company PLC (BEDC), on Monday said it had engaged the services of 11…
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NNPC’s Security Contractor Intercepts More Vessels With Stolen Crude Oil
Tantita Security Services, the security contractor engaged by the Nigerian National Petroleum Company Ltd, NNPCL, has intercepted a Barge and…
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LCCI Urges FG to Amend Petroleum Profit Tax Act
The Lagos Chamber of Commerce and Industry (LCCI) has asked the Federal Government to consider amending the Petroleum Profit Tax…
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Fuel Importation To End By 2024 – FG
The Federal Government on Monday projected that by the first Quarter of 2024, Nigeria would put an end to…
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FG disburses N173bn for uniform fuel price nationwide
PMS price exceeds approved rates in states despite equalisation The Federal Government disbursed about N173.2bn for the equalisation of over…
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Electricity consumers demand new tariff reversal
The recent increase in electricity tariff by power distribution companies, as approved by the Nigerian Electricity Regulatory Commission, shows that…
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NNPC denies exporting 17.88m barrels oil without documentation
The Nigerian National Petroleum Company Limited on Thursday said it was false to claim that the oil firm exported 17.88…
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Electricity workers fault N3tn bailout to power companies
The Organised Labour has faulted the over N3tn bailout granted to generation and distribution companies in the power sector by…
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Oil workers protest over unpaid salaries
Workers of Mormar Marine staged a peaceful protest in Agbarha-Otor, Ughelli North Local Government Area in Delta State, demanding…
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FG gives operators ultimatum to name oil well owners
The Nigerian Upstream Petroleum Regulatory Commission on Thursday, issued a seven-day ultimatum for all lease and licence holders operating in…
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FG to spend N3.36tn on fuel subsidy in 2023
The finance minister said N3.36tn was earmarked for fuel subsidy in Nigeria’s 2023 budget. During her presentation, Ahmed declared…
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