Nigeria spent N864.07bn on fuel subsidy payment in nine months –NNPC
The Nigerian National Petroleum Corporation (NNPC) spent a total of N864.07bn between January and September subsidising Premium Motor Spirit, popularly…
Shell unveils new energy business line in Nigeria
Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to…
Nigeria loses $1b yearly to gas flare data falsification
Nigeria is losing about $I billion revenue annually to falsification of gas flare data by Multinational Oil Companies (MOCs) operating…
NUPENG, PENGASSAN lament exclusion from PIA steering committee
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria…
Fuel subsidy will rise to N3tn annually under current market conditions, says PPMC
The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), says the annual subsidy on…
PPMC Warns That Petrol Subsidy May Hit N3tn in One Year
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium…
$3.097bn investment opportunities exist in condensate refineries, says NNPC
The Nigerian National Petroleum Corporation (NNPC) has said investment opportunities worth nearly $3.097 billion currently exist in the country’s condensate…
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…