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…
PIB: Sylva promises to hold town hall meetings after presidential assent
The Federal Government has disclosed of its resolve to again engage oil producing host communities in the Niger Delta on…
Crude oil will always remain relevant — DPR
The Department of Petroleum Resources (DPR) has said that irrespective of seeming opposition against its continued use, crude oil and…
OPEC daily basket price closes at $72.71 per barrel
The price of the OPEC basket of thirteen crudes stood at $72.71 a barrel on Tuesday, compared with $73.89 the…