Nigeria, six other countries drop in crude oil production – OPEC
The Organisation of the Petroleum Exporting Countries, OPEC, has released a fresh report on crude oil production of its member ...
Tag: Oil and Gas
Diesel price to hit N1500/litre in 2 weeks – Marketers
Oil marketers, under the auspices of Natural Oil and Gas Suppliers Association (NOGASA), have disclosed that the cost of diesel ...
Why Nigeria’s crude oil should be priced in Naira – Experts
In the face of the weakening Naira, Okechukwu Unegbu, a finance expert has suggested that Nigeria’s major revenue resource, crude ...
Price of cooking gas hits N10,500 for 12.5kg, may go higher
The price of Liquified Petroleum Gas (LPG) commonly called cooking gas has hit N10,500 in some cities in the country. ...
Oil production cannot cover petrol import cost – Minister
Nigeria cannot pay for imported petrol with only revenue generated from oil and gas. This is due to shortfalls in ...
NNPC loses $1.5bn to oil vandals – Kyari
The Group Managing Director of Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari, has said $1.5billion was lost to oil ...
Senate asks NUPRC to stop tax evading IOCs from lifting oil
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been asked to stop international oil companies (IOCs) evading tax from lifting crude ...
OPEC to Nigeria: Diversify your economy to address oil investments decline
The Organisation of Petroleum Exporting Countries (OPEC) has advised Nigeria and other resource-dependent countries to diversify their economy in the ...
Nigeria loses 400,000 barrels of crude daily – Minister
The federal government has disclosed that Nigeria loses about 400,000 barrels of crude oil daily to theft. The Minister of ...
Host communities call for scrapping of NDDC
Leaders of the Host Community of Nigeria Producing Oil and Gas have called on the federal government to scrap the ...