Oil and Gas
LCCI Advocates Equal Access To FOREX For NNPCL, Others For Competitiveness
The Lagos Chamber of Commerce and Industry (LCCI) has called for equal access by all importers of petroleum products, including...
Marketers Link Petrol Price Hike To Naira Devaluation, Others
The recent increase in the cost of Premium Motor Spirit, commonly known as petrol, has been attributed by marketers to...
Subsidy Removal: Nigeria’s Petrol Daily Consumption Figure Reduces By 35%
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says country’s petrol daily consumption figure stands at 46.38 million litres...
NNPCL, UTM Ink Deal For Construction Of First Indinegous 1.5MTPA LNG Project
Group Chief Executive Officer of NNPCL, Mele Kyari and UTM Offshore Limited sign agreement to further...
Nigeria LNG Export Dwindled 1.8MT in 2022—Report
The International Gas Union (IGU) has said that Nigeria’s Liquefied Natural Gas (LNG) export slumped by 1.8MT in 2022 on...
It Is Natural For Marketers To Hike Prices Of PMS — NNPCL GCEO
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kolo Kyari has stated that it...
Increase In Fuel Price’ll Distort Economic Activities — NECA
The Nigeria Employers’ Consultative Association (NECA) has said that increase in pump price of fuel would further accelerate inflation, which...
Fuel Subsidy Not Budgeted For In 2023 Budget – NNPC
Alhaji Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC), has said that contrary to speculations, the immediate...
OPEC Records 460,000 Barrels Per Day As Production Drop In May
The Organization of Petroleum Exporting Countries (OPEC) recorded a drop in its oil output for May following voluntary production cuts...
PIA: FG Pledges All Round Development Of Oil Producing Communities
The Federal Government has given an assurance of its readiness to ensure all-round development of oil-producing communities as enshrined...
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