Tinubu nominates Magnus Abe as NUPRC board chairman
President Bola Tinubu has nominated former Rivers South-East Senator Magnus Abe as chairman of the Nigerian Upstream Petroleum Regulatory Commission and forwarded…
Oil and Gas
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Global crude oil prices fall amid Venezuela political turmoil
Crude oil prices dipped on Sunday amid uncertainty over Venezuela following the Trump administration’s ouster of President Nicolás Maduro. United States crude…
Fuel subsidy removal saves Nigeria over N10tr annually — Senator
Nigeria is saving over N10 trillion annually following the removal of fuel subsidy by President Bola Tinubu, according to the Chairman of…
US to take control of Venezuelan oil reserves, says Trump
United States President Donald Trump has said he would permit American oil companies to enter Venezuela and tap into the country’s vast…
Agbese hails Tinubu, Ojulari over historic NNPCL debt relief
The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has commended President Bola Tinubu for approving the cancellation of huge…
NNPCL posts N502bn profit as petrol prices fall
The Nigerian National Petroleum Company Limited posted a profit after tax of N502bn in November 2025, extending its profitability run even as…
Marketers lift diesel daily despite Port Harcourt refinery shutdown
Fuel marketers have confirmed that the Port Harcourt Refining Company has continued supplying diesel to the market despite being shut down for…
Experts differ over NNPCL’s planned oil asset sale
Energy industry experts and stakeholders have expressed divergent views over reported plans by the Nigerian National Petroleum Company Limited to divest its…
NNPCL restores Escravos–Lagos gas pipeline after explosion
The Nigerian National Petroleum Company Limited has restored the Escravos–Lagos Pipeline System to full operations, weeks after an explosion disrupted gas supply…
Tinubu writes off $1.42bn, N5.57tn NNPCL debts
President Bola Tinubu has approved the cancellation of a large portion of the debts owed by the Nigerian National Petroleum Company Limited…
Petrol price war will benefit Nigerians, says NNPCL boss
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has assured Nigerians that the ongoing price competition…
Lagos gas infrastructure repair boosts power generation nationwide — NISO
The Nigerian Independent System Operator has announced an improvement in power generation nationwide following the repair and restoration of the vandalised Lagos-Escravos…