Oil and Gas
NNPC Ltd To Raise Natural Gas Reserve To 600trn Cubic Feet
The CEO of Nigerian National Petroleum Company Limited Mele Kyari has stated that the company plans to triple Nigeria’s natural...
Retail Price For Petrol Increases To N190.01 In July 2022 — NBS
The National Bureau of Statistics (NBS), says the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased...
NEC Committee To Liaise With Stakeholders On New NNPC Status
The National Economic Council (NEC) has resolved to set up a sub-committee that will liaise with the appropriate officials on...
NMDPRA Says 85% Of Petroleum Stations Renew Operational Licenses
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Adamawa office said it renewed the operation licenses of about 85...
Nigeria Posts Record 9.4m Barrels Oil Loss Amid Massive Under-Production, To Shut-Ins, Others
Nigeria has again hit a new oil production loss record as a result of disruptions to its crude assets due...
N18.69bn NNPC Daily Expenditure On Subsidy Worries FEC – Finance Minister
The Minister of Finance and National Planning, Zainab Ahmed, lamented that expenditure of N18.69 billion daily on petroleum subsidy by...
Nigeria Loses N101bn Worth Of Oil, Says OPEC
Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in...
World Bank Raises the Alarm Over Nigeria’s N6.7trn Annual Fuel Subsidy
The World Bank, as again warned that Nigeria is currently on life-support with death imminent if it chooses to sustain...
$1.9bn Royalty, Taxes To Nigeria In Two Years – Shell
Shell Companies in Nigeria said it paid $1.886 billion ($1.9bn approximate) on royalty and taxes to the Nigerian government in...
Oil Theft: Nigeria Loses 400,000 Barrels Daily – Sylva
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude...
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