OIL & GAS
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Buhari orders NNPC Ltd’s incorporation, names Ararume board chair
The President, Major General Muhammadu Buhari (retd.), has directed the incorporation of the Nigerian National Petroleum Company Limited. Buhari, who…
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Firms imported 47,224.346MT of gas from US, Algeria in August – PPPRA
Of the 85,264.8 Metric Tonnes of Liquefied Petroleum Gas consumed in the country in August, 38,040.46MT were imported. The Petroleum…
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Uncertainty trails Nigeria’s production despite OPEC projection
Nigeria’s capacity to improve its crude oil production despite a higher price regime, remains undermined by deteriorating production capacity and…
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Despite posting N287bn profit, NNPC’s revenue drops by N916bn
Nearly two weeks after declaring its first profit in its 44-year history, the Nigerian National Petroleum Corporation said on Wednesday…
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FG seeks active exploration for new oil, gas resources
The Department of Petroleum Resources has said the Federal Government will promote active exploration for new oil and gas resources…
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Nigeria’s oil production falls to 1.24 million bpd – Report
Nigeria’s crude oil production plunged to a record low of 1.24 million barrels per day last month as a result…
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Don’t expect magical power supply, minister tells Nigerians
•Urges heads of agencies to translate titles into productivity Nigerians have been told not to expect magic in the provision…
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Why petrol smuggling continues, by Kyari
The Nigerian National Petroleum Corporation on Thursday said that concerted efforts by the corporation and some federal agencies to tackle…
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Repeal import tax on cooking gas to reduce price, dealers beg FG
Some dealers in Liquefied Petroleum Gas, otherwise called cooking gas, in Nsukka have blamed price hike on the reintroduction of…
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OPEC+ sticks to 400,000bpd monthly oil output increase
The Organisation of the Petroleum Exporting Countries and its allies, on Wednesday, agreed to stick to their existing plan for…
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Group Wants NERC To Rescind Approval On Electricity Tariff Hike
A group known as All Electricity Consumers Protection Forum has written to the Nigerian Electricity Regulation Commission (NERC) to issue…
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OPEC, others meet to decide on production increase
The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today) to decide whether to press…
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We’ve increased domestic cooking gas supply by 100,000MT – NLNG
The Nigeria LNG Limited has said it does not contribute to the supply shortfall of Liquefied Petroleum Gas, also known…
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NNPC incurs N756.99bn petrol subsidy in seven months
The Nigerian National Petroleum Corporation incurred N756.99bn petrol subsidy cost from January to July this year, the latest data obtained…
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NNPC posts first profit of N287 billion after 44 years of existence
Known for loss making in the past 44 years of its existence, the Nigerian National Petroleum Corporation (NNPC) has declared…
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We don’t have petrol consumption records, says PPPRA
The Petroleum Product Pricing and Regulatory Agency said on Thursday it did not have records of the volume of Premium…
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NNPC invests $2.7b in Dangote refinery
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum products into the country would soon be…
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Passengers stranded as petroleum dealers begin strike in Imo
Passengers were stranded on Wednesday as independent petroleum marketers began an indefinite strike in Imo State. Our correspondents, who monitored…
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PIA: Okowa rejects three per cent allocation to host communities
DELTA State Governor, Ifeanyi Okowa, has said that the three per cent allocated to host communities from the operating cost…
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Grid collapse followed drop in system frequency, says TCN
Power generation increased to 3,910 megawatts on Tuesday morning following the restoration by the Transmission Company of Nigeria of the…
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