Oil and Gas
Oando completes acquisition of NAOC for $783 million
Oando Plc has completed the acquisition of a 100 per cent shareholding interest in the Nigerian Agip Oil Company (NAOC)...
Why fuel queues persist – Osifo
President, Petroleum and Natural Gas Senior Association of Nigeria (PENGASSAN), Mr Festus Osifo, has attributed the persistent queues in petrol...
FG to revoke oil block licences of firms lacking exploration capacity
The Federal Government has threatened to issued a strong revoke oil block licences of firms and individuals who have failed...
Dangote Refinery to reduce crude oil import from US
The 650,000 barrels per day Dangote Refinery, is planning to scale down importation of crude oil from the United States,...
REVEALED: Dangote’s brother, Sayyu Dantata, among importers of ‘dirty’ petrol from Malta
The half-brother of the African richest man Aliko Dangote, Sayyu Dantata, has been revealed as one of the importers of...
NMDPRA grants operational licence to Edo refinery
The management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued an operational licence to Edo Refinery...
NNPC repays 60% of $1 billion loan for stake in Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) said it has repaid 60 per cent of a $1.036 billion loan it...
NNPC pays N1.17 trillion taxes, royalties to FG in 2023
The Nigerian National Petroleum Company Ltd (NNPCL) has said that it paid a total of N1.17 trillion as taxes and...
We are not paying subsidy – NNPCL
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted media reports that it got presidential approval to pay subsidy...
FG to begin crude oil sales in Naira October
The Federal Government will begin crude oil sales in Naira to Dangote Refinery and others in October. Director Press and...