NECA raises concerns over N3trn FEC approval for fuel subsidy
The Nigeria Employers Consultative Association (NECA) has raised concerns that the N3trillion approved by the Federal Executive Council (FEC) to…
Refineries rehabilitation gulped N100bn in 2021, says NNPC
The Nigerian National Petroleum Company Limited (NNPC) has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds…
33 successful bidders lose FG’s marginal oil-field awards
A total of 128 awardees that emerged as successful bidders in the 2020 Marginal Field Bid Round have made complete…
NNPC secures $5bn funding commitment from Afreximbank for Nigeria’s upstream sector
The Nigerian National Petroleum Company (NNPC) Limited has secured a $5 billion funding commitment from the African Export-Import Bank (Afreximbank)…
Senate grills NCDMB officials over $10bn Train 7 gas project
The Senate Committee on Local Content, on Wednesday, grilled the management of the Nigerian Content Development and Monitoring Board (NCDMB)…
Oil price hits $90 per barrel
Brent oil on Wednesday surpassed $90 per barrel to strike the highest level for more than seven years, rattled by…
FG to fund fuel subsidy with N3 trillion in 2022
The Federal Government will spend N3trillion to fund petrol subsidy this year at N270 billion per month. This is based…
NLNG, NMDPRA partner on domestic gas supply
The Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Engr. Farouk Ahmed, said the Authority was ready…
Subsidy: NNPC may deduct over N1tn from FAAC in six months
The Nigerian National Petroleum Company Limited (NNPC) may deduct over N1tn in the next six months from the Federation Accounts…
FG seeks 18 months extension for PIA implementation
The Federal Government says it will propose 18 months extension to the National Assembly for the implementation of the Petroleum…