Governors raise concerns over NNPC ownership
State governors, on Thursday, raised concerns regarding the ownership of the new Nigerian National Petroleum Company (NNPC) Limited, its assets…
FG spends N18.39bn daily on petrol subsidy – Zainab Ahmed
Zainab Ahmed, Minister of Finance minister, Budget and National Planning, says Nigeria spends N18.39 billion daily on petrol subsidy petrol…
FG to end fuel subsidy in June 2023
The Federal Government intends to stop the payments of subsidy on Premium Motor Spirit (petrol) by June, next year. The…
Fuel subsidy hits N1.593tn, refinery rehabilitation gulps N54.66bn
Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, shows that the government subsidised the…
Nigerian Association of Petroleum Explorationists (NAPE) Becomes Official Partner of African Energy Week 2022
The African Energy Chamber (AEC) is proud to announce that the Nigerian Association of Petroleum Explorationists (NAPE) has become an…
Shell paid $986million as taxes, royalties to FG
Shell Companies in Nigeria paid $986million corporate taxes and royalties to the Federal Government of Nigeria from its operations in…
NLNG denies involvement in illegal gas export
The Nigeria Liquefied Natural Gas Ltd. (NLNG) has denied the allegation that the company was involved in illegal exportation of…
NNPC renews licences of five OMLs
The Nigerian National Petroleum Company (NNPC) Limited says it has renewed oil production sharing contracts (PSCs) with its partners —…
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…
‘Africa will decide its energy future’ – Obasanjo
In the midst of a global oil-and-gas crisis, Africa must take charge of its own energy destiny, and use its…