Despite an increase in pipeline vandalisation cases by 50%, Nigeria posted crude oil and gas export sales revenue of $434.85 million in January, the latest Monthly...
The Nigerian National Petroleum Corporation (NNPC) has said the country might have to halt the production of oil if the prices of oil continued to fall...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, Wednesday disclosed that the Federal Government had paid more than N200 billion to...
A surplus of Nigerian crude weighed on the international oil market on Tuesday with lower demand from China than in the past couple of weeks. Nigeria...
Operators in the downstream sector have said the pump price of gasoline might fall for the third time in barely three weeks if other operators towed...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has stated that the N457 billion planned for subsidy payment in the 2020...
The suspension of the subsidy regime on petroleum products announced by the Nigerian National Petroleum Corporation (NNPC) two days ago would not be seamlessly implemented except...
The Nigerian National Petroleum Corporation (NNPC) has declared that the subsidy regime in petroleum products pricing is over. “Subsidy and under-recovery are zero today and it...
The Director-General of the Lagos State Emergency Management Agency (LASEMA), Dr. Olufemi Oke-Osanyintolu, said on Saturday the agency monitored the repair of the vandalized pipeline at...
The Nigerian National Petroleum Corporation (NNPC) Saturday confirmed the discovery of a coronavirus case at its estate in the Garki area of Abuja. The Group General...
The Nigerian National Petroleum Corporation (NNPC), on Friday said the 31 American oil workers who were stopped from entering Cross River State on Monday have been...
The Nigerian Government Tuesday night slashed the pump price of gasoline from N125 to N123.5 per litre, the second time in less than two weeks it...
The Nigerian National Petroleum Corporation (NNPC) has declared that it has enough petroleum products to serve Nigerians for over sixty days, saying there is no reason...
The Nigerian National Petroleum Corporation (NNPC) has revealed that state governments have exempted filling stations and fuel trucks from the partial nationwide COVID-19 lockdown. This was...
Nigeria’s Bonny Light is defying the price slash strategy intended to attract buyers just as refineries in India are adopting production cuts and European plans are...
Residents of Ojukwu Street, Navy Town axis of Satelite Town, Lagos are living in anxiety over the leakage of an NNPC pipeline in the area. The...
Spending on Nigeria’s comatose state-owned oil refineries came to N218.18 billion in 2019, figures from the Nigerian National Petroleum Corporation (NNPC) Wednesday have shown. Port Harcourt...
The latest Monthly Financial and Operations Report of the Nigerian National Petroleum Corporation (NNPC) has revealed that Nigerian refineries lost the sum of N376.56 billion between...
Nigeria has marked down the prices of different grades of its crude in an effort to stimulate sales and clear glut after buyers rejected more than...
Statistics released on Sunday by the Nigerian National Petroleum Corporation (NNPC) reflects that it sold around 21.51 billion litres of petrol estimated at N2.64 trillion, indicating...
Gas flaring activities among oil and gas firms cost Nigeria N521.9 billion (around $1.7 billion) in 2019, the latest statistics by the National Oil Spill Detection...
President Muhammadu Buhari on Sunday described Sunday’s pipeline explosion in Abule Ado, Amuwo Odofin local government area of Lagos State as a national tragedy. The President...
The National Emergency Management Agency (NEMA) said on Sunday over 50 buildings were destroyed in the explosion that rocked the Abule Ado area of Lagos. The...
Plans are afoot by the Office of the Auditor General of the Federation and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to conduct...
The Senate on Thursday considered a bill which proposes stiffer sanctions for any person or corporate entity involved in gas flaring in Nigeria from January 1,...
Revenue estimated at N127.53 billion was lost to flared gas by the Nigerian Government in the 11 months to November 2019. In quantity terms, this value...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari, said on Tuesday Nigeria lost about $750 million to oil theft in 2019....
In a move to conserve Nigeria’s ample natural gas resources, the Federal Government on Monday announced it had pruned the number of 800 investors, interested in...
The Nigerian National Petroleum Corporation (NNPC) has said it experienced a 94% increase in pipeline vandalism cases in November 2019, compared to the figure posted the...
The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on Turn-Around Maintenance of refineries in...
The Economic and Financial Crimes Commission (EFCC) on Monday filed additional 15 criminal charges against Jide Omokore and others. Among the others include two of his...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday, accused security agents, religious leaders and residents of the site of...
Two persons were feared dead in multiple pipeline explosions at Abule-Egba area of Lagos State last night. Many people were injured, as fire from the explosions...
The Federal Government (FG) posted a deficit of N3.73 trillion in its crude oil revenue between January and December 2019, a report from the Central Bank...
The latest report from Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that a total of 19.18 billion litres of petroleum products was imported into the...
Nigeria flared a total of 276.04 billion cubic feet (bcf) of natural gas in a 13-month period from September 2018 to September 2019, data obtained from...
The Peoples Democratic Party (PDP) said on Sunday the All Progressives Congress (APC) had overstretched the limits of Nigerians by trivialising and politicizing the frightening unemployment...
The Nigerian National Petroleum Corporation (NNPC), together with its joint venture partners in the Nigerian Liquefied Natural Gas Limited (NLNG) including Shell, Total and Eni on...
The Federal Government is aiming to generate a whopping $2 billion in revenue from the multi-billion dollar Escravos Gas-to-Liquid (EGTL) project just as the Nigerian National...
The Nigerian National Petroleum Corporation (NNPC) said on Sunday, the country crude oil and gas exports rose to $355.93 million in September. This figure was higher...
The Nigerian National Petroleum Corporation (NNPC) has revealed that its three refineries posted losses, amounting to N111.27 billion between January and September this year. The details...
The Nigerian National Petroleum Corporation (NNPC), on Sunday said it achieved a trading surplus of N5.2bn for the month of August, a 22 per cent inctease...
The Nigerian Government on Friday set year 2023 as the stop date for the importation of petrol into the country, shifting from the earlier set date...
The money spent by the Federal Government in subsidising petrol is anticipated to gulp a whopping N750.81 billion in 2020, the latest data from the Petroleum...
Four revenue-generating agencies, including the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service (FIRS) and the Department of Petroleum Resources (DPR), failed between them...
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Nigerian National Petroleum Corporation (NNPC), on Saturday, inaugurated a joint committee to determine outstanding payments due from...
An expenditure of about $396.33 million spent by the Nigeria National Petroleum Corporation (NNPC) on Turn Around Maintenance of the nation’s refineries in four years, will...
Barring any change, the Nigerian Government will next year conduct a fresh round of licencing for untra-deepwater assets in the country. This was disclosed by the...
Sixty-three years after the Oil Pipelines Act came into force, the country has continued to charge a meagre N50 for licences to operate pipeline networks worth...
Ogun State Governor, Prince Dapo Abiodun, has described the deplorable state of Nigerian roads as one of the biggest problems confronting citizens and called for the...
