Oil and Gas
Afreximbank asks oil traders to finance NNPC’s $3bn loan
Afreximbank has approached oil traders to finance a $3 billion loan to the Nigerian National Petroleum Company (NNPC) Limited, which...
NNPC, NCDMB, IOCs sign MoU to reduce contracting cycle
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with the Nigerian Content Development...
Nigeria’s annual upstream CAPEX drops to $6bn- NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s total annual upstream capital expenditure has decreased from 27 billion...
Nigeria secures $13bn oil, gas investments from Shell, others – Official
Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, says the country has secured $13 billion worth of energy...
Petrol increased to N626.70 in August- NBS
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N189.46 in...
Dangote to begin petrol refining November 30 – Official
Group Executive Director of Dangote Industries Ltd, Devakumar Edwin, has disclosed that the Dangote Refinery will start petrol refining by...
NNPCL fails to remit $2bn to federation account — NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the Nigeria National Petroleum Corporation, before its transition, failed to remit about...
OVH: NNPC rakes in N18.4bn in three months
NNPC Retail, a subsidiary of the National Petroleum Company Limited (NNPCL) made N18.4 billion in the first quarter of 2023, after...
Nigeria lost N16.25trn to crude oil theft in 11 years – Speaker
Speaker of the House of Representatives Tajudeen Abbas on Thursday said that Nigeria lost N16.25 trillion to crude oil theft...
FG loses N335m to oil spill in 8 months – NOSDRA
A report by the National Oil Spill Detection and Response Agency (NOSDRA) has revealed that Nigeria lost an estimated N335...