Oil and Gas
FG to divest from NNPCL, 19 other entities
There are indications that the Federal Government may soon sell some of its stakes in about 20 state-run companies. The...
NEITI set to provide data on actual fuel consumption
The Nigerian Extractive Industries Transparency Initiative (NEITI) is set to provide data on the actual volume of Premium Motor Spirit...
Nigeria has cheapest fuel in Africa – Presidency
President Bola Tinubu has assured that measures would be taken to stabilise the supply and demand of petrol in the...
Nigeria requires $20bn investments to bridge gas infrastructure gaps
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria requires about $20 billion in annual investments to achieve...
Fuel imports to Nigeria fall to 106,000bpd in July – Report
A report by S&P Global Commodity Insights indicates that fuel imports into Nigeria fell to 106,000 barrels per day (bpd) in July...
Dollar index decreases by 1.6% in July – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) has said the U.S. dollar index decreased by 1.6 per cent month-on-month...
Non-OPEC oil supply to expand by 1.5mb/d in 2023 – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says, its Non-OPEC oil supply is expected to expand by 1.5 million...
Price of cooking gas may go up next week — Marketers
Marketers of cooking gas under the auspices of Nigerian Association of Liquefied Petroleum Gas Marketers have alerted consumers that the...
China to raise gasoline, diesel retail prices
China says it will raise retail prices of gasoline and diesel on Thursday, following the recent rise in international oil...
NNPCL, Nipco to rollout CNG Q1 2024
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has said that the rollout...