NNPC Records ₦234.63bn Revenue From Petroleum Product Sale in March
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63…
Oil Climbs, Notches Fourth Monthly Gain on Growing Demand
Oil prices edged higher over the weekend, with global benchmark Brent posting a fourth monthly gain, with demand growing faster…
NEITI Accuses ND Western, Shoreline of Over-Reporting Crude Oil Losses
The Nigeria Extractive Industries Transparency Initiative, NEITI, has accused two oil companies, ND Western Limited and Shoreline Natural Resources of…
PIB Abolishes Payment of Gas Flare Penalties to Host Communities
The controversies surrounding the Petroleum Industry Bill (PIB), recently passed by both chambers of the National Assembly seem unending, has…
Nigeria Earns N525bn from LNG, Propane Exports in 3 Months
Nigeria earned N524.928 billion from the export of gas in different forms in the first quarter of 2021, according to…
Oando enters into settlement with Nigeria’s SEC
Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the…
Nigeria’s oil output drops 11.47% to 1.343mbpd in Q2 – OPEC
Nigeria’s oil output dropped by 11.47 per cent year-on-year, YoY, in the second quarter of 2021 (Q2’21). But the decline…
Nigeria overtakes US as 4th largest oil supplier to India
Nigeria has risen to fourth position among key crude oil producers making supply to India. India is Asia’s second biggest…
Port Harcourt refinery’ll deliver refined products September 2022 – NNPC
The Nigerian National Petroleum Corporation (NNPC) says the $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full…
Nigeria’s sweet crude bullish at $75 despite oil prices crashing to $69
The decision by the Organisation of Oil Exporting Countries (OPEC) to pump 400,000 barrels per day of crude oil into…