Oil and Gas
NNPC posts N3.3 trillion net profit, declares N2.1 trillion dividend
The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the...
Tinubu approves fuel subsidy payment – Report
President Bola Tinubu has approved the request of the Nigerian National Petroleum Company Limited (NNPCL) to use the 2023 dividends...
Fuel queues resurface in Lagos
Fuel queues have resurfaced in Lagos as many filling stations ran out of stock, leading to closures and long lines...
Marketers involved in illegal fuel peddling to lose license – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said it will clamp down on and withdraw the licences...
Kyari urges military to sustain onslaught against crude oil theft
The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude...
Nigeria’s crude oil production rises to1.3m bpd in July – OPEC
Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude oil daily. This is...
Report: Dangote Refinery, others raise local crude demand to 597,700 barrels per day
Dangote refinery and other local refineries have raised their crude oil requirements from Nigeria’s oil producing companies to 597,000 for...
NNPC: We reduced stake in Dangote refinery to invest in CNG
The Nigerian National Petroleum Corporation (NNPC) Limited has explained the reason behind its decision to reduce its stake in Dangote...
NNPC denies economic sabotage allegations
The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of...
Senate probes $1.5 billion spent on PH Refinery repairs
The Senate has raised concerns over the $1.5 billion approved in 2021 for the turn-around maintenance of the Port Harcourt...