Oil and Gas
NNPC refutes allegations of N3.3tn subsidy inflation
The Nigerian National Petroleum Company (NNPC) Limited has refuted reports alleging that it inflated subsidy claims to the tune of...
Marketers hail FG as cost of cooking gas drops to N900/kg
Gas marketers, under the auspices of Nigerian Association of Liquefied Petroleum Gas Marketers, have commended the federal government for its...
NNPC subsidiary, NETCO, posts 137% increase in operating profit for 2023
The NNPC Engineering and Technical Company (NETCO) has announced an increase of 137 per cent in its operating profit for...
Only new filling stations with CNG pumps to get licenses – FG
The federal government has said that going forward, new filing stations that apply for licenses will only be issued same...
OPEC extends Nigeria’s 1.5m oil production quota to 2025
The Organisation of Petroleum Exporting Countries (OPEC) has extended Nigeria’s production quota of 1.5 million barrels of crude per day...
FG unveils 5.2 mmscfd of CNG plant in Lagos
The Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in...
NNPC, MPNU sign settlement agreement for ExxonMobil-Seplat deal
The Nigerian National Petroleum Company (NNPC) Limited has signed a settlement agreement for the divestment of ExxonMobil’s stake in Mobil...
Dangote refinery to list on NGX, London Stock Exchange
Dangote Petroleum Refinery is planning a dual listing on the London Stock Exchange (LSE) and Nigerian Exchange (NGX) Limited. Executive...
Tinubu attracted $16.6 billion to oil sector – Minister
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated the President Bola Tinubu-led administration has attracted about $16.6bn...
Petrol price rose to N701 in April — NBS
The National Bureau of Statistics (NBS) has stated that the average retail price of a litre of petrol increased from...