Oil and Gas
Decline in global crude oil demand threatens Nigeria’s economy – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed concern that Nigeria's economy face significant threats over the possibility of...
Oil theft: FG approves $21 million metering system for crude oil flow stations
The Federal Executive Council (FEC) has approved a contract for the construction of a metering system for all crude oil...
IPMAN to NNPC: Increase fuel allocation to reduce queues
The Independent Marketers Association of Nigeria (IPMAN) has advised the Nigerian National Petroleum Corporation (NNPC) Limited to increase fuel allocation...
Nigeria’s crude oil production rises to 1.27m bpd in June – OPEC
Nigeria’s average daily crude oil production in the month of June rose to 1.276 million barrels. This is according to...
NNPC seeks $2 billion oil-backed loan to finance operation
Group chief executive officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said that talks are ongoing...
15 vessels to berth at Lagos ports with petroleum products, others
The Nigerian Ports Authority (NPA) says no fewer than 15 ships are waiting to berth at the Lagos ports. According...
Thunderstorms, flood cause of fuel scarcity— NNPC
The scarcity of Premium Motor Spirit (PMS) in Abuja, leading to long queues at filling stations has been blamed on...
Report: Nigeria’s petrol imports debt hits $6 billion
Nigeria’s debt to petrol suppliers has surpassed $6 billion, doubling since early April. According to a report by Reuters on...
NNPC launches 12 CNG stations in Abuja, Lagos
The Nigeria National Petroleum Company (NNPC) Ltd has commissioned 12 Compressed Natural Gas (CNG) stations in Abuja and Lagos. Group...
Oando acquires 100% of Nigerian Agip Oil
Oando PLC has completed the acquisition of 100 per cent shares of Nigerian Agip Oil Company Limited (NAOC Ltd). Chief...