No fuel price increase until FG, labour end negotiations – PPRA
The Petroleum Products Pricing Regulatory Agency (PPRA) says that although the Petroleum Industry Act had signaled the full deregulation of…
Petroleum Industry Act open to amendment, says Lawan
Senate President Ahmad Lawan yesterday said the Petroleum Industry Act 2021 is not perfect and will be amended in future.…
Shell’s divestment assets in Nigeria valued at $2.3b
As Shell Petroleum Development Company (SPDC) in Nigeria moves to divest its assets in Nigeria, especially joint venture licenses and…
NNPC records N43.57b trading surplus
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N43.57 billion in April, this year, representing a…
NNPC incurred N473bn loss operating moribund refineries – Report
The Nigerian National Petroleum Corporation (NNPC) incurred a loss of N473.3bn in operating moribund refineries between January 2015 and February…
Oil spillage: Shell agrees to pay N45.9bn judgment debt to Ogoni communities
The people of Ogoni in Rivers State got justice on Wednesday as the multinational oil company, Shell Petroleum Development Company…
FG targeting 50 billion-barrel oil reserves – DPR
The Department of Petroleum Resources (DPR) says the Federal Government’s target is to increase Nigeria’s oil reserves from 36.91 billion…
Investors proposing $500m for gas pipelines – DPR
Investors have proposed to spend over $500m in building gas pipelines and other facilities in Nigeria following the implementation of…
Shake-up in NNPC, senior management staff redeployed, COO sacked
The Nigerian National Petroleum Corporation (NNPC) on Monday announced the promotion and redeployment of some staff to fill vacant positions,…
FG Approves $1.4bn for Rehabilitation of Warri, Kaduna Refineries
Despite a nationwide condemnation of rehabilitating Nigeria’s moribund refineries at an outrageous cost, the Federal Executive Council has gone ahead…