Nigeria fails to improve oil production as OPEC adjusts global demand
Nigeria’s capacity to improve its crude oil production despite a higher price regime, remains undermined by deteriorating production capacity and…
NNPC Refineries Generate Zero Revenue, Pay Workers N69bn
Workers at the government-owned refineries were paid a total of N69.07bn last year, even as the plants generated zero…
NLNG denies sabotaging domestic supply of cooking gas as price rises
The Nigeria LNG Limited (NLNG) has said it does not contribute to the supply shortfall of Liquefied Petroleum Gas (LPP),…
Cooking gas price increases by 100% as FG implements gas imports tax
The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as…
NNPC breaks 44-year jinx with N287b net profit
The Nigerian National Petroleum Corporation (NNPC) has recorded a net profit of N287 billion, breaking a 44-year jinx in a…
NNPC to deduct N215bn from September FAAC
The Nigerian National Petroleum Corporation (NNPC) is once more set to deduct about N215.3 billion from its contribution to next…
Republic of Congo is Repositioning as Regional Oil and Gas Competitor
The Republic of Congo has outlined efforts being made to make the country a major player in the regional oil…
PIA: Govt can sell NNPC shares to individuals, says Kyari
There is provision in the Petroleum Industry Act (PIA) that gives room for individuals to acquire stakes in the new…
Oil price jumps to $68 after days of losses
The international oil benchmark, Brent crude, jumped on Monday, snapping a seven-day losing streak that was crude’s worst since 2019,…
Loopholes in PIA: 36 states set up six-member panel, plan amendments
The 36 states of the federation have set up a six-man committee on the Petroleum Industry Act (PIA) with a…