MRS Disassociate Self From Contaminated PMS, Says NNPC is Sole Importer
MRS Oil Nigeria Limited has disassociated itself from the importation of contaminated Premium Motor Spirit (PMS) into Nigeria, stating that…
FG will unravel how adulterated fuel was imported, says Sylva
The Minister of State Petroleum Resources, Chief Timipre Sylva said yesterday that the Federal Government will undertake a probe to…
Fuel Scarcity Hits Lagos, Product Adulteration Blamed.
Lagosians woke up Sunday to find queues across most fuel stations especially in the Island, but by Tuesday morning, the…
Nigeria’s oil sector weak performance may slowdown economic growth —Fitch
Fitch Solutions, an affiliate of global rating agency (Fitch) has predicted that Nigeria’s weak performance in the oil and gas…
PIA: House moves to transfer defunct NNPC’s assets to NNPC Ltd
The House of Representatives has begun moves to transfer assets belonging to the defunct Nigerian National Petroleum Corporation (NNPC) to…
Nigeria gets 1.72m barrels OPEC quota
The Organisation of Petroleum Exporting Countries (OPEC) has approved 1,718,000 barrels per day (bpd) quota for Nigeria. Angola, the other…
Nigeria’s petrol consumption figures are crazy, opaque, says Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva has expressed doubts over Nigeria’s daily petrol consumption figures, describing…
Nigeria’s oil revenue plunges over inability to meet January OPEC quota
Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of…
NCDMB seeks to raise status of oil producers as equity financiers
The Nigerian Content Development and Monitoring Board (NCDMB), says it plans to elevate Africa’s indigenous oil producers and national oil…
Oil price bullish again, hits $91.31
Oil prices rose more than 1% on Monday to the near 7-year highs hit in the previous session, oversupply concerns…