Nigeria is open for onshore investments from Turkey, says Sylva
The Federal Government says it was opened to onshore and natural gas investments in Nigeria by the Turkish government. Speaking…
Soaring price of diesel will cause hyper inflation, says MAN
The rising prices of crude since the Russia-Ukraine war began, coupled with exchange rate instability in Nigeria, among others, have…
NCDMB, partners to produce 10% local LPG demand
The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to work with select partners to produce Liquefied Petroleum…
FG Insists Nigeria Has Enough Petrol in Stock, Says Supply Disruption an Accident
The Federal Ministry of Petroleum Resources has maintained that it has enough petrol in the depots to serve the growing…
NNPC seeks to acquire FG’s power plants, meets BPE
The Nigerian National Petroleum Company Limited (NNPC) has expressed interest to participate in the acquisition of power plants under the…
Nigeria’s gas revolution will make West Africa energy self-sufficient —Timipre Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday said the West African sub-region could become energy self-sufficient…
Oil price surges above $113 as OPEC keeps supply unchanged
Crude oil price yesterday continued its upswing as Brent, Nigeria’s benchmark crude, rose above $113 per barrel for the first…
NNPC, Shell JVs, Dangote sign multi-million dollar gas supply deal
To further deepen its footprint in fertilizer production, the Nigerian National Petroleum Company (NNPC) Limited, and its Joint Venture (JV)…
NNPC vows to increase production as Brent crosses $105 per barrel
Brent, the crude against which Nigeria’s oil is priced, crossed the $105 per barrel price on Tuesday, as it rose…
Nigeria, Equatorial Guinea seal pact to develop stranded natural gas
In a major push towards deepening cleaner energy utilisation, Nigeria and Equatorial Guinea on Tuesday signed a landmark Memorandum of…