Rising crude oil prices great opportunity for Nigeria — Buhari
President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the…
Subsidy: Nigeria losing out as oil crosses $100, say marketers
The increased spending on petrol subsidy is preventing Nigeria from taking advantage of the rise in the price of crude…
Petroleum product marketers decry introduction of N500,000 trans-shipment charges
Barring any last minute change, petroleum products marketers may soon witness additional costs on retail price of fuel with the…
Nigeria, Iraq oppose hike in OPEC oil production as prices surge to $100
Nigeria and Iraq have said the strategy employed by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+,…
Oil prices near $100 a barrel amid Russia-Ukraine crisis
Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine escalated. The…
Nigerian content attracts $8bn annually, says NCDB
The implementation of the Nigerian Oil and Gas Industry Content Development Act has created over 50,000 direct jobs in the…
FG Blames Inspection Failure For Dirty Fuel Imports
The ongoing scarcity of petrol which has lingered for about two weeks, is not due to the absence of products…
Nigeria, others miss oil production targets as disruptions persist
The Organization of the Petroleum Exporting Countries (OPEC) and its allies continue to underperform their increasingly lofty oil production targets,…
NNPC rakes in ₦2.613tr from petrol, $224.29 million from crude oil
The Nigerian National Petroleum Corporation (NNPC) Limited yesterday, disclosed that about N2.613 trillion was made from the sale of premium…
Fuel Queues Persist in Abuja, Nasarawa, Niger States
The queues for petrol is on the increase in many parts of Abuja and neighbouring Nasarawa and Niger states as…