Oil and Gas
Subsidy removal: Nigeria’s petrol daily consumption drops by 35%
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says country’s petrol daily consumption figure stands at 46.38 million litres...
Crude oil earnings rise to N1.68tn in June
Nigeria’s earnings from crude oil rose to over N1.68 trillion in June 2023 following an increase in the country’s output....
Why gas dev’t is priority for Tinubu’s regime – Official
The Special Adviser to the President on Energy, Ms Olu Verheijen has said that the development of gas was a priority...
Extortion: IPMAN urges FG to punish petrol tanker drivers
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to prevail upon the Petroleum Tanker Drivers...
Subsidy: Tinubu seeks NASS approval for N500bn palliative
President Bola Tinubu has written to the National Assembly for an amendment to the 2022 supplementary budget to allow the...
FG to renegotiate OPEC oil quota in November – NNPC
The Federal Government will renegotiate the country’s oil production quota in the ongoing Organisation of the Petroleum Exporting Countries (OPEC+)...
NNPC restates plan to sell shares soon — Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated plans to issue its Initial Public Offer(IPO) to investors very...
MOMAN confirms ability to import petrol
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has commended the deregulation of the...
Oil and gas local content rose to 54% in 2022 – NCDMB
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has disclosed that local content in Nigeria’s oil...
Nigeria generates $11bn from crude oil exports in 5 months
Nigeria's earning from crude oil exports grew by $11 billion between January and May 2023. This is according to the Organisation...