12.5kg cooking gas now costs N12,500 – Report
The price of 12.5 kg of Liquefied Natural Gas, also known as cooking gas, has climbed to N12,500 as Nigeria marks its…
Oil and Gas
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Diesel remains N1000 per litre despite VAT removal – Marketers
Oil marketers claimed on Monday that despite the federal government’s statement that it has abolished the value-added tax on the product, the…
FG removes oil production constraints to tackle divestments
The Federal Government announced on Thursday that it was lifting all restrictions for oil exploration and production as part of efforts to…
NNPC, partner firm to establish Bayelsa development trust fund
An independent exploration and production business, First E&P OML83 & 85 Joint Venture, has joined with the Nigerian National Petroleum Corporation Limited to…
NNPCL exports $1.7bn crude as production drops 12% – Report
The Nigerian National Petroleum Company Limited, acting on behalf of numerous stakeholders, facilitated the lifting of a total of 14.23 million barrels…
NIPCO Gas launches CNG facility in Akwa Ibom
The compressed natural gas facility in Oron, Akwa Ibom state, has been officially opened, according to Nipco Gas Limited. According to The…
How FG earned N4.3trn from oil in 2021 – Report
The Nigerian Extractive Industries Transparency Initiative estimates that the Federal Government received N4.3 trillion from the oil and gas industry in 2021.…
Brent oil trades at over $94 per barrel – Report
Brent oil’s price stayed steady at $94.30 per barrel on Monday, September 18, at 5:14 AM (GMT+1), according to an analysis of…
NNPCL earns N18.4bn in Q1 after OVH acquisition – Kyari
In the first quarter of 2023, less than a year after acquiring OVH Energy, the Nigerian National Petroleum Company Limited has achieved a…
Crude oil price hits $94 per barrel
Brent crude soared to $94 per barrel late on Thursday, September 14, according to a survey of world crude prices on Oil…
Delta govt urges FG not to sack pipeline surveillance companies
The Special Adviser to the Delta State Government on Niger Delta Affairs, Griftson Omatsuli, has called for the Federal Government to withdraw…
Why 7.5% VAT on diesel may disrupt fuel supply – NARTO
The Federal Government was urged to end the 7.5% Value Added Tax on Automotive Gas Oil, also known as diesel, by the…