NNPC failed to remit N3.87trn crude oil proceeds in 2015, says senate

The Senate has criticised the Nigerian National Petroleum Corporation (NNPC) for not remitting N3.87 trillion revenue…

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…

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