Oil subsidy, minimum wage in focus as governors meet
As the 36 governors meet today to decide on whether or not to increase the pump price of petrol, energy experts, civil society organizations...
Establishment of modular refineries will make petroleum products available, eliminate importation – Pres. Buhari
President Muhammadu Buhari says the establishment of modular refineries in the country will make petroleum products available and eliminate importation.
The President spoke at the...
‘How we cut losses by N800b in a year’
Muyiwa Lucas
THE Nigerian National Petroleum Corporation (NNPC) says it has improved efficiency in the corporation by cutting losses within one financial year by N800...
Sylva: govt to support indigenous oil and gas firms
Minister of State for Petroleum Resources, Chief Timipre Sylva, has promised the Federal Government’s support for indigenous oil and gas companies.
Sylva spoke during a...
NNPC cuts loss to N1.7b
The Nigerian National Petroleum Corporation (NNPC) has recorded a 99.7 per cent reduction in its loss profile from N803billion in 2018 to N1.7billion in...
Subsidy removal will boost job creation, others -Expert
Chief Adegboyega Adegoke, the Executive Director, OES Energy Service Ltd., says the removal of petroleum subsidy will lead to increase in employment and infrastructure...
NAPE chief tasks media professionals on accuracy in reportage
Media professionals covering energy and the oil and gas sector have been tasked on accurate reportage of activities in the industry due to its...
FOREX: CSOs task CBN on level playing ground for oil marketers
A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers...
Nigeria at 60: FG urged to pass PIB to strengthen deregulation of oil downstream...
By Edith Ike-Eboh
Mr Bank-Anthony Okoroafor, former Chairman of Petroleum Technology Association of Nigeria (PETAN), has urged the Federal Government to sign the Petroleum Industry...
Oil falls on mounting COVID-19 cases, supply concerns
Oil edged lower on Friday, falling more than two per cent on the week as COVID-19 cases surged globally and oil supply is set...
N10.78tr subsidy: Why FG may not reverse new fuel, electricity rates
Yusuf Alli,
There were strong indications last night that the Federal Government may not reverse the new fuel pump price regime because it is determined...
PPMC fixes petrol price at N151.56
Muyiwa Lucas, John Ofikhenua, Abuja and Gbade Ogunwale, Abuja
The Pipeline Products Marketing Company (PPMC) on Wednesday announced N151.56 per litre as ex depot price...
Brent hits five-month high at $46
Lucas Ajanaku
OIL prices rose on Monday with Brent topping $46.50 reaching its highest level in over five months.
Strong crude demand from China has been...
Petrol price to go up as PPPRA raises ex-depot price by N6
John Ofikhenua, Abuja and Tajudeen Adebanjo, Lagos
With N138.62 approved by the Petroleum Products Pricing Regulatory Agency (PPPRA) as ex-depot price for a litre of...
NNPC: no stolen crude oil found in China
Robert Egbe
THE Nigerian National Petroleum Corporation (NNPC) on Thursrday denied reports (not by The Nation) that its officials sold 48 million barrels of stolen...
New pump price: Oil marketers insist on full deregulation
Ibrahim Apekhade Yusuf
The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has...
Daily fuel consumption unknown – NNPC chief
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being...
NNPC: Refineries earn N3.45 billion, incur 160.13 billion expenses
The Nigerian National Petroleum Corporation says the nation’s refineries generated a total revenue of N3.45bn in 2018 while salaries and other expenses gulped N160.13bn...
NNPC: Refineries earn N3.45 billion, incur 160.13 billion expenses
The Nigerian National Petroleum Corporation says the nation’s refineries generated a total revenue of N3.45bn in 2018 while salaries and other expenses gulped N160.13bn...
Mele Kyari: NNPC mulls growing nation’s reserve to 40 billion barrels by 2023
The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023.
Malam Mele Kyari,...
