Nigeria to privatise NNPC, amend royalties, as Buhari submits PIB to Senate

Nigeria’s long-awaited oil reform bill will privatise the Nigerian National Petroleum Company, amend changes to deepwater…

MOMAN, other downstream players hail FG, pledge support for deregulation

…As Kyari assures of resolution of forex issues Stakeholders in the downstream sector of the Nigerian…

NNPC advocates capacity upgrade to cut cost

To achieve the target of reducing the cost of oil production on a sustainable basis, the…

NNPC, DSS intervene as tanker owners suspend strike

Although the intervention by the Nigerian National Petroleum Corporation (NNPC) and Department of State Services (DSS)…

Finally, Buhari ready to send PIB to Senate

President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in…

Unstable fiscal regime stifling petroleum industry, says Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC), Mallam Mele Kyari, has said…

ICRC commends NNPC for transparent public bid opening processes

The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izurah, has commended the…

We’ve advised FG to forgo $1.5bn World Bank loan, we have the money – DPR

The Department of Petroleum Resources (DPR) says it has advised the federal government to consider withdrawing…

Oil prices rise after OPEC warn members to stick to quotas

Oil prices rose for a fourth day in a row on Friday, putting crude on track…

NNPC records ₦20.36bn trading surplus in July

  The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in…

Autogas: DPR boss says ‘only rich will use petrol cars by 2022’

Mr Sarki Auwalu, Director, Department of Petroleum Resources (DPR), says the Federal Government is committed to…

Local content: Shell boss tasks companies on creativity, collaboration

  Industry players and companies ready to be creative and collaborate have immense business opportunities in…

NNPC’s legal team bags Africa Arbitration award

…saves billions of dollars in liabilities for Nigeria The Litigation Team of the Nigerian National Petroleum…

Dangote Refinery will sell petrol at international price, says FG

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks…

Deregulation: NNPC to support deployment of CNG facilities

The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of…

Sahara Energy, Petroci sign $43m deal to boost LPG supply in Cote D’Ivoire

A Sahara Group company, Sahara Energy Logistics Holding Limited, and the National Oil Company of Cote…

NNPC debunks allegation of AKK contract inflation as baseless, false, malicious

… threatens legal action against online publication The Nigerian National Petroleum Corporation (NNPC) has dismissed, in…

Oil prices may drop over low demand, as Bonny Light sheds $1.28

Oil held above $44 per barrel on Friday and was on track for its biggest weekly…

NNPC obtains $1bn to fund upstream operations of NPDC

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa $1bn to support…

IPMAN orders members to sell petrol at N162 per litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the Southwest region…

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