The Senate has criticised the Nigerian National Petroleum Corporation (NNPC) for not remitting N3.87 trillion revenue…
Category: Oil and Gas
PIB: Local refineries to buy crude oil in naira
Holders of crude oil refining licences in Nigeria will pay for domestic crude oil supply in…
Passed PIB is satanic and unjust, says Edwin Clark
Chief Edwin Clark, an Ijaw national leader, has described the newly passed Petroleum Industry Bill (PIB)…
PIB: Southern governors reject 30% share of NNPC profit for frontier basins exploration
Governors of the southern states have rejected 30 percent share of the proposed Nigeria National Petroleum…
Reps pass Petroleum Industry Bill
The Petroleum Industry Bill (PIB) has passed third reading at the house of representatives. The development…
Petrol price will remain N162 though should sell at N256 – NNPC
The Nigerian National Petroleum Corporation says the official price of a litre of Premium Motor Spirit,…
We’ve accidentally discovered 206trn cubic feet gas reserves – Sylva
Timipre Sylva, Minister of State for Petroleum Resources, says the country has “accidentally” discovered 206 trillion…
NNPC, EFCC, others partner to curb petroleum products smuggling, crude oil theft
The Nigerian National Petroleum Corporation (NNPC) is collaborating with the Economic and Financial Crimes Commission (EFCC),…
Rising oil prices not blessing to Nigeria, says NNPC boss Kyari
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has…
Oil prices hit highest levels in years on improved demand
Oil prices continued an upward trend on Wednesday as confidence in the outlook continues to grow…
Oil&Gas: Nigeria has achieved 35% local content compliance, says Sylva
The Minister of State for Petroleum Resources Chief Timipre Sylva has said that Nigeria has…
MAN says petrol price hike inevitable, demands transparency
The Manufacturers Association of Nigeria says increase in the price of petrol is inevitable. The Director…
Nigeria’s economy grows by 0.51% on oil recovery
The nation’s gross domestic product (GDP) increased by 0.51 percent in the first quarter of 2021.…
OPEC says IEA net-zero pathway could add to oil-price volatility
The Organisation of Petroleum Exporting countries (OPEC), has said that an International Energy Agency (IEA) report…
NGF recommends full deregulation of petrol, says current price unsustainable
The Nigeria Governors’ Forum (NGF) has recommended the full deregulation of premium motor spirit (PMS), better…
NUPENG threatens nationwide shutdown, warns El-Rufai
The leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to…
Economic council urges Buhari to end fuel subsidy
The Presidential Economic Advisory Council has asked the President Muhammadu Buhari to remove subsidy on…
Reps panel threatens to summon Buhari over restoration of four OMLs
The House of Representatives committee on petroleum resources (upstream) has threatened to summon President Muhammadu Buhari…
Tony Elumelu: UBA didn’t fund OML 17 acquisition…Nigeria needs100,000mw daily
Tony Elumelu, chairman of Heirs Holdings, says the United Bank for Africa (UBA) did not fund…
NNPC set to deliver zero FAAC remittance in May as subsidy payment bites harder – Report
The revenue drama that dominated the public space in the past weeks does not look like…