Brent crude price rises to $114 per barrel as EU mulls Russian oil ban
Oil prices jumped by more than $6 yesterday, with Brent crude climbing above $114 a barrel, as European Union (EU)…
Reps summon 17 NNPC subsidiaries over audit queries
The House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the Nigerian National Petroleum…
MAN Seeks FG’s Intervention, As Diesel Hits N720 Per Litre
The Manufacturers Association of Nigeria (MAN) is seeking urgent intervention from the Federal Government to support the production of goods,…
FG increases petroleum products freight rate by 25%
The Federal Government has approved a 25 percent increase in freight rate for petroleum products, raising it from N9.5 per…
Push against oil investments will slow growth in Nigeria, others – Barkindo
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo on Thursday cautioned that the push against…
OPEC will maintain steady flow of energy supplies – Barkindo
The Organisation of Petroleum Exporting Countries (OPEC) says it will remain fully focused on maintaining a steady flow of energy…
IOCs’ exit is stalling Nigeria’s ability to meet OPEC quota – Sylva
The Federal Government on Wednesday said its inability to meet the oil production quota allocated to Nigeria by the Organisation…
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…