NLC, PDP slam fuel price hike…demand reversal

The Nigeria Labour Congress (NLC) and the Peoples Democratic Party (PDP) have kicked against the new…

JUST IN: Petrol to sell for N140 as PPPRA recommends price hike

The Petroleum Product Pricing Regulatory Agency (PPPRA) has recommended an upward review of the retail pump…

Chinese bank, Sinosure to fund $2.6bn Ajaokuta-Kano pipeline

The Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund…

Report shows imported petrol dirtier than black market Niger Delta fuel

A new report published by Stakeholder Democracy Network (SDN), an international resource watchdog group, says refined…

Anxiety as more Nigerian oil workers contract COVID-19

…Shell evacuates staff from Bonga offshore * No plans to disrupt oil production, youth activists assure…

Kaduna Refinery generated zero revenue in 2018, incurred N65bn loss – NNPC report

The Kaduna Refining and Petrochemical Company Limited (KRPC) generated no revenue in 2018, the first audited…

OPEC+ agree to extend production cuts till July

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+ have agreed to…

PPPRA directs marketers to sell petrol at N123.5 per litre

Henceforth – and until determined otherwise by market dynamics – Premium Motor Spirit (PMS) aka petrol…

Malabu deal: UK court dismisses Nigeria’s $1bn suit against Shell, Eni

A UK court has ruled that Nigeria’s $1 billion suit against Royal Dutch Shell and Eni, oil giants,…

Petrol pump price may drop in June, as operators explain why NNPC cut depot price

The Nigerian National Petroleum Corporation (NNPC) took the latest decision of marking down the ex-depot price…

Refining Nigeria’s oil: Dangote’s hard fix

  The Dangote Group is building Africa’s largest oil refinery – the 7th on world rankings.…

NLNG signs contracts with consortium for Train 7

The Nigeria Liquified Natural Gas Limited (NLNG) has signed the Engineering, Procurement and Construction (EPC) Contracts…

NNPC reduces ex-depot price of petrol to N108 per litre

The Nigerian National Petroleum Corporation (NNPC) has announced a downward review of the ex-depot price of…

FG to auction marginal oilfields despite price slump

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the Federal government will put marginal oilfields…

Report: 84 million barrels of Nigerian crude stranded at sea

  An estimated 84 million barrels of Nigerian crude oil is currently stranded at sea, a…

Shell accuses Nigeria of hiding EFCC’s reports on OPL 245

Royal Dutch Shell has accused the Nigerian government of hiding key reports of investigations by the…

HISTORICAL: U.S. oil price trades below $0 despite $20 gain

U.S. crude oil price jumped more than $20 per barrel on Tuesday but still traded below…

Nigeria lost $750m to oil theft in 2019 – NNPC

The Nigerian National Petroleum Corporation has disclosed that the nation lost about $750 million to oil…

Senate probes NNPC over $396 million spent on maintaining refineries

The Senate on Thursday agreed to probe the Nigerian National Petroleum Corporation over the $396m expended…

NLNG pays $7bn tax, $15bn dividend to FG

The Nigeria LNG Limited says it has paid over $7bn as taxes and issued more than…

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