Category: Oil and Gas

Fuel import drops by 1bn liters in seven months – Report

The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel...

SERAP gives NNPCL seven days to explain $2.04bn, N164bn missing oil income

The Nigerian National Petroleum Company Limited has been contacted by the Socio-Economic Rights and Accountability...

Nigeria petrol subsidy nears N1tn

By Melvin Onwubuke Petrol subsidy in Nigeria has reportedly returned and now higher than before...

CBN stops foreign oil corporations from sending all fx proceeds abroad

International oil companies who operate in Nigeria are no longer allowed to send 100% of...

Crude hits $83 as Nigeria’s export passes 1.4mbpd

Data from the Federal Government indicates Nigeria’s oil output surged to 1,426,574 barrels per day...

Nigeria to end gas flaring by 2030 – NUPRC

Preparations are in place by the Nigerian Upstream Petroleum Regulatory Commission to terminate gas flaring...

NNPCL debunks plans to increase fuel price

The Nigerian National Petroleum Company Ltd. has refuted reports that Premium Motor Spirit, also referred to...

Nigeria’s gas production rises 2.2% in Dec 2023

Nigeria’s gas output increased by 2.2% in December 2023 compared to November 2023, when the...

Dangote refinery urges NUPENG, PTD to resolve conflict

Dangote Refinery and Petrochemical Limited’s management has made a request for the leaders of the...

Oil unions, others receive over N1bn in donations –  Reports

The Nigerian National Petroleum Company Limited has stated that it donated N1.65 billion to different charities...

NNPCL demolishes 34 illicit refineries

Over the last week, the Nigerian National Petroleum Company Limited discovered and destroyed 34 illegal...

NNPCL attracts South Korean investors for gas projects

The Nigerian National Petroleum Company Limited has met with a South Korean consortium led by...