Oil and Gas
FG begins 2024 oil block bidding round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, announced the commencement of the 2024 oil block licensing round. Mr...
NNPCL, partner target 40,000bpd as OML 13 takes off
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.) and its partner, Natural Oilfield Services Ltd. (NOSL),...
NNPC/First E&P JV empowers NGOs with N53.4 million
As part of its Corporate Social Responsibility (CSR) initiatives, the Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration...
IMF commends FG’s tax, monetary policies
The International Monetary Fund (IMF), the financial body has commended the economic reforms by the President Bola Ahmed Tinubu-led administration,...
Why local crude refining may not be beneficial – NESG
The Nigerian Economic Summit Group (NESG) has stated that unless regulatory reforms, infrastructure development and investment in human capital development...
Nigerian crude falls to $86.5 per barrel
The price of Nigerian crude moderately decreased $86.53 a barrel on Tuesday. The crude, however, maintained its premium status as...
Shell Nigeria paid $1.09 billion to FG in 2023 – Official
Shell has disclosed that it paid the sum of $1.09 billion in corporate taxes and royalties to the Federal Government...
FG woos investors for 17 oil blocks
The Federal Government has offered 12 oil blocks and five deep offshore assets for sale. Chief Executive, Nigerian Upstream Regulatory...
NNPC says 30 days petrol supply in stock
The Nigerian National Petroleum Company Limited (NNPCL) has stated that it has about 1.5 billion litres of premium motor spirit...
Distribution pipeline now criteria for gas licence – FG
The federal government has set the possession of distribution pipeline as a criterion for issuance of licences to gas distribution...