NNPC lifts embargo on 113 crude oil vessels
The Nigerian National Petroleum Corporation (NNPC) has lifted embargo placed on 113 vessels from lifting crude and gas in…
Nigeria’s daily fuel subsidy drops to N1.07 billion
The Federal Government’s daily spending on petrol subsidy may dropped from the N2.4 billion it recorded in June to N1.07…
NNPC raises alarm over fraudulent use of GMD’s name
The Management of Nigerian National Petroleum Corporation (NNPC) has disclaimed the use of the name and office of the…
Oil price slump ‘stall’ SWF funding
The Federal Government’s contribution to the Sovereign Wealth Fund (SWF) has stalled due to crude oil price slump in the…
FG may build new refineries, says NNPC GMD
The Federal Government is considering the idea of establishing new refineries for optimal performance of the oil sector, the…
NNPC commences recovery of $9.6bn debt owed Nigeria
The Nigerian National Petroleum Cooperation (NNPC) says it has begun the process of recovering over $7 billion in over-deducted…
NNPC boss issues Warri refinery 90-day resumption ultimatum
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has issued a 90-day ultimatum…
Shell announces Q2 interim dividend payments
The Board of Royal Dutch Shell Plc today announced the pounds sterling and euro equivalent dividend payments in respect of…
Bunker prices falling close to $200, nearing 10-year low
Global bunker fuel prices have continued to nosedive as they closed in on the $200-per metric tonne (pmt) mark, falling…
Ex-depot price of petrol drops as oil price crashes
The slump in the price of crude oil in the international market has forced oil marketers to reduce the price…