OIL & GAS
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Nigeria’ll Export Petrol In Two Years – NNPC
The Nigerian National Petroleum Corporation on Tuesday said refined petroleum products would be exported from Nigeria to other countries in…
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Wealthy Nigerians, Not The Poor, Benefitting From Fuel Subsidy – FG
The Minister of State for Budget and National Planning, Clem Agba, on Tuesday, reiterated the need to deregulate the downstream…
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IOCs Hindering Nigeria’s Unemployment Eradication, Says NCDMB
Some international oil companies operating in Nigeria are not supportive of the unemployment eradication efforts of the Federal Government as…
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Oil Prices Steady, Output Unchanged As OPEC+ Meeting Stalls
The planned Monday meeting of the Organization of the Petroleum Exporting Countries and its allies has been postponed without a…
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PIB: Dangote Refinery, Others To Buy Crude In Naira
Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum…
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Nigeria, others may raise oil production by 2 million bpd
The Organisation of the Petroleum Exporting Countries and its allies appear set to increase their combined oil production by about…
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NNPC saves $1bn on petrol imports, says Kyari
The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, on Wednesday announced that the oil firm saved over $1bn…
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Diesel Price Jumps To N280, LCCI Says Inflation’ll Rise
The price of a litre of Automotive Gas Oil, also known as diesel, has risen to N280, buoyed by the…
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Petrol landing cost hits N232, subsidy rises to N5.58bn daily
April landing cost, N216, devaluation, rising crude price fueling price increase The landing cost of Premium Motor Spirit being imported…
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‘How $300 million NNPC fund was secretly lodged’
• Ex-prosecutor accuses Malami of frustrating NEXIM Bank’s probe The House of Representatives Ad hoc Committee on Recovered Loots and…
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Petrol Smuggling Persists, 102 Million Litres Consumed In May – NNPC
The Nigerian National Petroleum Corporation on Wednesday said it was collaborating with law enforcement agencies and other relevant downstream and…
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Meter Manufacturers Demand Price Hike Over Devaluation
A total of 17 manufacturers of electricity meters are demanding an increase in the cost of the commodity following the…
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FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank
The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received…
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Egbin Power plans additional 1,750MW
Egbin Power Plc has unveiled plan to add 1,750 megawatts to Nigeria’s power generation, just as the company has partnered…
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NLNG Train 7 $10bn-investment begins, Buhari warns against delay
The President, Major General Muhammadu Buhari (retd.) has inaugurated the construction of the Nigeria Liquefied Natural Gas train 7 project…
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Experts, Fayemi Differ On Benefits Of Fuel Subsidy
While the Governor of Ekiti State, Kayode Fayemi, said on Tuesday that the removal of fuel subsidy will benefit poor…
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Nigerian crudes struggle for buyers as India cuts purchases – Report
Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty…
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Refiners Showing Increasing Interest In Oil Purchase – OPEC
The crude oil market is picking up as refiners of the commodity are now showing increasing interest in its purchase,…
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Four West African countries to buy Nigeria’s idle electricity
Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria, the Chairman of the…
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National Assembly concludes PIB deliberations, Gbajabiamila says bill not anti-business
The President of the Senate, Ahmed Lawan, on Monday assured that the National Assembly will pass the Petroleum Industry Bill…
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