OIL & GAS
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Nigeria-Saudi Arabia investment plan in limbo as FG fumbles
A much trumpeted oil and gas investment plan between Nigeria and Saudi Arabia that would have addressed key challenges in…
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Free electricity, mere propaganda, says TCN
• Reps, DisCos raise panel The recent announcement of plan to give Nigerians two months of free electricity as part…
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Oil firms’ N4.58tn loan repayment under threat – Investigation
The coronavirus-induced sharp fall in global oil prices poses a threat to the ability of oil and gas companies in…
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60 Nigerian oil cargoes unsold despite price cut
A total of 60 Nigerian crude oil cargoes have not been sold despite the reduction of the official selling prices…
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Crude cuts: Nigeria to earn $10.61bn in eight months
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members…
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Nigeria’s COVID-19 management to determine level of recession – World Bank
Following the outbreak of COVID-19 in Nigeria, it has been projected that the three tiers of government could lose more…
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Petrol price could further drop by N8/litre –Marketers
The pump price of petrol could drop further by between N5 and N8 per litre, operators in the downstream oil…
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FG, NASS to pay for two-month ‘free electricity’ –Discos
Power distribution companies on Thursday said that the two-month free electricity to customers announced on Wednesday would be paid for…
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FG’ll divert N457bn petrol subsidy to other sectors –NNPC
The Federal Government will divert N457bn provided for petrol subsidy in the budget to other sectors of the economy, the…
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We’ve secured funding for refineries revamp – NNPC
The Nigerian National Petroleum Corporation said on Wednesday that it had secured financing for the rehabilitation of the nation’s ailing…
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Fix refineries before petrol subsidy removal – PENGASSAN, NUPENG
The National Union of Petroleum and Natural Gas Workers has said any deregulation in the petroleum sector that is still…
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Discos offer customers two-month free electricity
Power distribution companies on Wednesday announced that they were in support of proposal by the National Assembly and the Federal…
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FG revokes 11 oil mining licences as revenue shrinks
• PDP demands probe of subsidy regime under Buhari The Federal Government has revoked the mining licences of about 11…
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No buyer has rejected Nigeria’s crude, says NNPC
No buyer of Nigerian crude oil has returned or rejected it despite the glut in global crude oil market, the…
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Petrol subsidy gone forever, says NNPC
The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said…
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Oil falls to $32 as OPEC+ postpones meeting
The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output…
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Electricity: Gas shortage stalls 10,362MW in three days
Gencos seek govt intervention In three days, April 2 to April 4, gas shortage to thermal power plants stalled the…
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Diesel, kerosene prices fail to drop despite oil crash
The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices…
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New Pump Price: Marketers Seek Loans, DPR Set To Enforce Compliance
The Oil marketers have called for soft loans from the Federal Government to help cushion the effects of the new…
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Cooking Gas Vendors Are Exempted From Lagos Lockdown – Marketers
Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says sales of Liquefied Petroleum Gas, also known as cooking gas,…
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