Petrol depot prices drop as marketers slash rates
Petrol depot prices declined across major supply centres yesterday as marketers implemented fresh price cuts, signalling increased competition in the…
NLNG generates $149 billion revenue
…Remits $10.8bn tax to Nigeria The Nigeria LNG Limited, NLNG says it has generated $149.6 billion in revenue since it…
FG begins N70bn debt payment to petrol marketers
… As crude prices crash to $88 per barrel Federal Government has commenced the payment of outstanding debts estimated at…
FG to generate N353 bn as signature bonus from oil block winners
The Federal Government could generate about N353 billion from signature bonuses payable by successful bidders in the 2025 oil block…
Nigeria’s petrol consumption drops 15.7% to 4.2bn litres amid high cost
Nigeria’s total petrol consumption dropped from 5.07 billion litres in Q1 to 4.27 billion litres in Q2 2026, representing a…
SERAP sues NNPC over failure to account for N211 trillion oil money
The Socio-economic Rights and Accountability Project (SERAP) has sued the Nigerian National Petroleum Company Limited (NNPCL) at the Federal High…
Crude oil hits over $100 per barrel
As Middle East Crisis escalates Nigeria’s struggling revenue profile is set for a rise as Brent crude yesterday, rose above…
Crude oil price hits $95 per barrel
Crude oil prices surged nearly 5% Wednesday, with Brent crude topping $95 a barrel, as escalating US-Iran tensions and growing…
Dangote Refinery resumes Naira sales of petrol
Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a…
FG rakes in $2.016bn royalties from Shell
Shell says it paid $2.016 billion in royalties to the Federal Government and awarded $518 million in contracts to Nigerian…