Russia-Ukraine crisis: EU urges Nigeria to close gas supply gap
The European Union (EU) has urged Nigeria to take advantage of the opportunity offered by the present crisis in Europe…
Oil Sector Collapse Imminent With N1.36tn Crude Stolen in 14 Months
Major oil majors have expressed fears that the Nigerian petroleum sector is facing imminent collapse if the level of theft…
Reps panel summons Sylva, Kyari, others over state of refineries
Worried by the hardship being experienced by Nigerians owing to increasing cost of petroleum products, the House of Representatives ad…
FG is determined to end crude oil theft – Sylva
The Federal Government says it is determined to stop the economic devastation occasioned by the activities of illegal refiners, pipeline…
Imo seeks FG, investors’ partnership on gas exploration
The Imo State Governor, Hope Uzodinma, on Wednesday said the state was ready to partner with the Federal Government and…
FG commences investigation into crude oil theft
Following reports from various government sources over unprecedented level of crude oil theft, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
Brent crude price rises to $114 per barrel as EU mulls Russian oil ban
Oil prices jumped by more than $6 yesterday, with Brent crude climbing above $114 a barrel, as European Union (EU)…
Reps summon 17 NNPC subsidiaries over audit queries
The House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the Nigerian National Petroleum…
MAN Seeks FG’s Intervention, As Diesel Hits N720 Per Litre
The Manufacturers Association of Nigeria (MAN) is seeking urgent intervention from the Federal Government to support the production of…
FG increases petroleum products freight rate by 25%
The Federal Government has approved a 25 percent increase in freight rate for petroleum products, raising it from N9.5 per…