OIL & GAS
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Reps summon ministers, BPE over power plants sale
The House of Representatives’ Committee on Finance has summoned the Ministers of Finance, Budget and National Planning, Zainab Ahmed;…
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Amid Rising Debt, Subsidy Cost Jumps By 370%
The cost of subsidy is estimated to increase by 369.93 per cent from 2021 to 2023. In 2021, the Nigerian…
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Reps probe lopsided TCN recruitment, summon MD, HoS
The House of Representatives, on Wednesday, resolved to investigate the alleged lopsided recruitments by the Transmission Company of Nigeria,…
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‘Lack of electricity for 600 million Africans unacceptable’
The Federal Government on Wednesday charged other governments in Africa to join hands in rescuing the continent from its current…
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FG continues $3.5bn Eni/Shell suit, Italy drops charges
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against…
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Buhari unveils NNPC Limited, agency halts FAAC remittances
The Nigerian National Petroleum Company Limited on Tuesday made it clear that it would no longer remit any money to…
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NNPC quietly approves petrol pump price hike to N179/litre
The Nigerian National Petroleum Company (NNPC) Limited has approved an upward review in the pump price of Premium Motor Spirit…
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Consumers pay N193.53bn to Discos amid blackouts – Report
The Nigerian Electricity Regulatory Commission on Monday announced that power distribution companies collected a total revenue of N193.53bn from consumers…
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Eroton announces containment of oil spill
Eroton Exploration & Production Company Limited says it has successfully shut-in oil spill from the CAWC015 well and had…
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Oil Companies Oppose FG’s Penalties Over Gas Flaring
Oil and gas companies have committed to gas flare reduction in Nigeria though some of them opposed the enforcement of…
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Anti-corruption agencies may recover IOCs $6.4bn debt – NEITI
The Nigeria Extractive Industries Transparency Initiative on Thursday threatened oil firms operating in the country that it would not hesitate…
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FG meets IPMAN, MOMAN, fuel price hike imminent
The Federal Government on Wednesday said it was currently engaging oil marketers on issues bordering on the cost of Premium…
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Fuel price halts at N200/litre, high fares linger
Motorists and commuters in Lagos and Ogun states on Tuesday again, lamented the biting consequences of the lingering fuel scarcity…
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Group to develop Nigeria’s natural resources
A leading global oil and gas refining company, Marie Tecnimont Group, has pledged to support Nigeria in unlocking greater…
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Power generation drops, Discos, FG battle for control
The planned takeover of three power distribution companies by Fidelity Bank and the restructuring of two others by the Federal…
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NNPC blocks Exxon Mobil’s asset sale to Seplat
THE Nigerian National Petroleum Company Limited has won a court decision temporarily blocking Exxon Mobil Corporation from selling assets…
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Fuel sells N175/litre, marketers plan strike, queues worsen
Some filling stations on Wednesday dispensed Premium Motor Spirit, popularly called petrol, at over N175/litre, higher than the government-approved N165/litre…
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Rehabilitate refineries to curb lingering fuel scarcity, FG told
Federal Government has been asked to rehabilitate ailing petroleum refineries in the country to curb fuel scarcity in Nigeria. A…
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Ogoni clean-up: NASS summons minister, HYPREP over $1bn payment
The National Assembly Joint Panel on host communities on Tuesday summoned Minister of Environment, Mohammed Abdullahi and the Management of…
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OPEC Secretary-General, Barkindo, is dead
The Secretary-General of the Organisation of Petroleum Exporting Countries, Muhammad Barkindo, is dead. Barkindo died late Tuesday. The Group…
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