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…
Nigeria’s oil production rises by 170,000 bpd in September — highest output in 2021
Nigeria’s crude oil output rose by 170,000 barrels per day (bpd) in September 2021, signalling revenue increase and more reserves…
77 oil firms’ indebtedness to FG hits N2.66tn, says NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday that the indebtedness of 77 oil and gas companies to…
Oil prices rise on tight supply, hit three-month high
Oil prices extended gains yesterday riding higher on growing fuel demand and crossing $76 for the first time since July…
Govt, IPMAN Ban Sale Of Fuel Above N5,000, N500 To Cars, Motorcycles In Sokoto
The Sokoto State Government has reached an agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) to place a…
NCDMB moves to crash oil production cost with oil & gas industrial park scheme
The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled plans to develop an oil and gas industrial park in…
Buhari orders incorporation of NNPC Ltd, appoints Ararume as Board Chair
President Muhammadu Buhari has directed Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) to commence the…
Buhari Directs Incorporation of NNPC, Names Ararume as Chair
President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited. He took the action in his…
Imo Residents Applaud Uzodimma as Fuel Sells at N165 Per Litre Once More
Residents of Imo State are full of appreciation to Governor Hope Uzodimma for the peaceful resolution of the recent face…
DPR to exceed N3.2trn revenue benchmark, targets N5trn by year end
Buoyed by an impressive revenue performance, which has seen it generating 70 per cent of its initial target of N3.2…