OIL & GAS
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Petrol price now N212.61 per litre – PPPRA
The Petroleum Products Pricing Regulatory Agency has revealed in a new monthly template that the price of Premium Motor Spirit,…
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Customers with faulty meters shouldn’t get estimated bills – NERC
Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution…
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Oil falls after hitting $70, OPEC+ output plunges
The international oil benchmark, Brent crude, dropped on Monday after climbing above the $70 per barrel mark for the first…
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We spent N966bn on pipeline repairs, NNPC replies AuGF
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated…
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OPEC cuts may push oil above $70 fuelling petrol price hike concerns
• Nigeria faces production temptation as ECA, reserves stagnate • Relying on rising prices could be costly, says Adigun •…
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Senate tackles NNPC over N443bn payment without approval
Senate Public Accounts Committee on Wednesday berated the Nigerian National Petroleum Corporation for paying N443bn without the National Assembly’s appropriation.…
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OPEC cautions Nigeria, others over crude oil production
The Secretary-General of the Organisation of the Petroleum Exporting Countries has said OPEC and its allies need to remain disciplined…
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DisCos’ sustainability questioned as FG pays N50bn monthly subsidy
The government’s financial support to the power sector hovering around N2.3 trillion in the past few years has raised concerns…
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Fuel queues spread over looming price hike
The queues for petrol grew worse in some parts of the country on Sunday following the shutdown of many filling…
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Escravos-Lagos pipeline set to move 2.2 billion scf of gas – NNPC
The Nigerian National Petroleum Corporation has said it has completed the looping of the Escravos-Lagos Pipeline System with a capacity…
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Shut down depots selling petrol above approved price – Marketers
The Federal Government should close down depots that are selling petrol above the approved price, oil marketers said on Thursday.…
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Nigeria’s revenue prospects brighten as oil hits $67
The international oil benchmark, Brent crude, rose further on Wednesday to $67 per barrel, compared to Nigeria’s budget benchmark of…
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Nigeria loses N151.78bn crude oil monthly – NNPC
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on…
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NDPHC seals agreement on power supply to Togo
The Niger Delta Power Holding Company on Monday said it had signed a Power Purchase Agreement to supply electricity to…
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Senate seeks documents, N27bn PHCN pension probe begins
The Senate on Monday opened investigation into the alleged ‘missing’ N27bn meant for the payment of the pension of former…
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FG gas expansion to lift 100m out of poverty —Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday that the Federal Government’s National Gas Expansion…
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NNPC, marketers differ on petrol price, queues surface
The Nigerian National Petroleum Corporation on Thursday said it had not effected any increase in the ex-depot price of Premium…
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Discos to pay for energy rejection – NERC
Power distribution companies that reject electricity load due to constraints in their networks will now have to pay for the…
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Fuel price hike looms nationwide as marketers meet
Marketers of Premium Motor Spirit, popularly called petrol, on Wednesday met in Abuja on matters regarding the price of the…
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Crude production reconciliation creates rift in oil industry
Court blocks Shell’s bank accounts Reallocation of crude oil volume from Nigeria’s Bonny Terminal between 2016 and 2018, following gaps…
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