Nigeria’s fuel demand to hit 17.3 million MT by 2025 – NNPC boss
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said Nigeria’s demand for petroleum products is…
FG to end petrol subsidy June 2022
The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government had made provision for petrol subsidy…
Nigeria will meet three million barrels per day OPEC quota, says Sylva
Minister of State for Petroleum Resources, Chief Timipre Sylva, has promised that Nigeria would meet the three million barrels per…
IPMAN Raises Alarm on Likely Fuel Supply Disruptions
The Independent Petroleum Marketers Association of Nigeria, Kano has alerted the Federal Government over the imminent fuel crisis in the…
FG Scraps DPR, PPPRA, PEF, Sacks CEOs, Inaugurates New Agencies
The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped…
Nigeria pumped 1.45mbpd in September amid oil rally
Nigeria’s oil production volume rose to 1.45 million barrels a day last month, up from the 1.29 million barrels it…
Fuel Scarcity Looms As Tanker Drivers Down Tools Over Bad Roads
The country may yet face another fuel scarcity following plans by petrol tanker drivers to embark on strike action on…
Sylva explains why Nigeria is focused on developing gas resources
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria is focused on developing its gas resources, though…
Outrage As Price of 12.5kg Of LPG Rises By 97.4% Cent In 12 Months
RESIDENTS of Lagos and Ogun states are lamenting as the price of 12.5kg of Liquefied Petroleum Gas (LPG), otherwise known…
Oil hits $81 as OPEC+ sticks to output deal
Oil prices crossed the $80 mark following the decision by the Organization of the Petroleum Exporting Countries (OPEC) yesterday, confirming…