Oil and Gas
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...
Why TotalEnergies diverted $6bn project from Nigeria – CEO
The Chief Executive Officer (CEO) of TotalEnergies, Patrick Pouyanne, has cited inconsistency in policy making decisions as reason for the...
NNPC says oil production almost 1.7mbpd
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that Nigeria’s oil production...
NNPC speaks on fire incident at Lagos depot
The Nigerian National Petroleum Company Ltd., (NNPC Ltd) has assured that the fire incident in a depot in Lagos will,...
FG to pay N130 billion part payment for gas supply debt
The Federal Government has said it intends to pay N130 billion to settle part of the N1.3 trillion gas supply...
Dangote refinery to buy 24 million barrels of crude oil from US – Report
A new report by Bloomberg suggests that Dangote Refinery plans to purchase no less than 24 million barrels of US...
Nigeria’s oil production rises to 1.28 million bpd in April
The Organisation of Petroleum Exporting Countries (OPEC) has said Nigeria’s average daily crude oil production increased to 1.28 million barrels...