2023 budget gets boost as Nigeria’s oil output increases by 48,000 bpd
There are strong indications that funding for Nigeria’s N21.8 trillion 2023 budget may receive a major boost as oil production…
Nigeria’s crude oil sales rise by 46% to N21tn – NBS
Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is…
OPEC quota: NUPRC eyes additional 400,000mb/d from mega projects
In its bid to enhance national crude oil production to surpass the 1.8million barrels per day (mb/d) quota for the…
Nigeria’s oil production now 1.6 million barrels daily – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL), says Nigeria’s oil production had increased to 1.6 million barrels per day, a…
Nigeria to attain 2million barrels daily oil production soon – Sylva
The Minister of State, Petroleum Resources, Chief Timipre Sylva, has said that Nigeria will soon attain two million barrels of…
1.3 billion litres of petrol now available – FG
About 1.3 billion litres of petrol has been imported into the country, The PUNCH has learnt. This was revealed to…
Fuel Scarcity: NNPCL begins direct supply of petrol to IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday said the management of the Nigerian National Petroleum Company Ltd.…
OPEC+ maintains status quo amid lower output from Nigeria
The Organisation of Petroleum Exporting Countries plus (OPEC+) coalition’s Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the group’s…
FG admits adjusting petrol pump price, blames scarcity on smuggling
The Federal Government has admitted to adjusting the pump price of petrol to cater for the impact of high AGO…
FG constitutes 14-man committee to end fuel scarcity
The Federal Government is meeting with operators in the midstream and downstream oil sector as part of measures towards developing…