Several developments have questioned the federal government’s intention toward commencing oil production in the 650,000 barrels per day (BPD) Dangote refinery in Lagos in recent weeks....
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has raised the alarm that newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, Kaduna...
The Nigerian government has taken a significant step towards boosting its natural gas sector, inaugurating the Governing Council of the Midstream and Downstream Gas Infrastructure Fund...
The Nigerian Government has set a target of generating a staggering N9.96 trillion from Petroleum Profit Tax (PPT) collections in 2024. This is despite the inability...
Companies operating in the country’s petroleum industry flared 170.5 billion standard cubic feet (BSCF) of gas in 10 months, between January and October 2022. This is...
Both chambers of the National Assembly on Thursday passed the Petroleum Industry Bill (PIB) after careful consideration of each of the clauses. Ripples Nigeria had reported...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday, March 15, refuted claims that it called for the scrapping of the Petroleum Equalisation Fund (PEF)...
The Federal Government says it has concluded plans to hold a National Conference on the integration of Artisanal/Modular Petroleum refinery operations in the country to improve...
A former Minister of State for Petroleum, Olorogun Kenneth Gbagi, has again denied reports that he stripped three women and a male, who are workers in...
One Gloria Monday has been sent to jail for dealing in petroleum products without a licence. Justice I.M. Sani of the Federal High Court sitting in...
Global oil and gas firm, Total, Monday announced it was turning back from the acquisition of Occidental Petroleum’s assets in Ghana. Total and Occidental Petroleum had, sometime...
The Petroleum Products Price Regulatory Agency (PPPRA) has said Nigerians should be ready to pay high or low prices for petrol considering the price liberalisation scheme...
The Nigeria Extractive Industries Initiative (NEITI) on Wednesday said crude oil and refined products worth $41.9 billion were stolen from Nigeria in the last 10 years....
Rattled by incessant fall of vehicles carrying petroleum products in the state, Governor Willie Obiano-led government of Anambra has placed a ban on fuel tankers using...
The Nigerian National Petroleum Corporation (NNPC) on Monday said the bad conditions of the nation’s refineries would make crude-for-fuel swap deal persist. Group Managing Director (GMD)...
President Muhammadu Buhari has retained himself as Minister of Petroleum as he assigned portfolios to his new cabinet members. He announced Timipre Sylva as Minister of...
The Rivers State Police Command on Saturday confirmed that three people lost their lives in the pipeline explosion that occurred in the state. The state police...
The Nigerian National Petroleum Corporation (NNPC) says it has no plans of relocating its Gas Marketing Subsidiary, Nigerian Gas Marketing Company Limited (NGMC), from Warri to...
Again, the federal government has given reasons the advice of the International Monetary Fund (IMF) may not be operable in Nigeria, stating that it is yet...
None of the International Oil Companies, IOCs, operating in Nigeria is exiting the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said....
The federal government has said that contrary to speculations, there is no immediate plan to remove subsidy on premium motor spirit, otherwise known as petrol. This...
As many consumers in the country engage in panic buying of Premium Motor Spirit (PMS), widely known as petrol, out of fear of an impending scarcity,...
The Depot and Petroleum Products Marketers Association of Nigeria on Sunday directed all its members to shut down operations at midnight of Sunday, December 9, 2018,...
The importation of petroleum products into the country increased by five percent in the third quarter of 2018 from 5.3 billion litres in the second quarter...
Two officials of Nigeria Security and Civil Defence Corps, NSCDC, have been arrested by members of the Inspector General of Police Special Task Force on Petroleum,...
Barring any unforeseen development, Nigeria will stop importing refined petroleum products by 2019, so says the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. Speaking...
The Lagos Chamber of Commerce and Industry, LCCI, yesterday, knocked the Federal Government for over regulating the oil and gas sector. According to LCCI, the petroleum...
The National Bureau of Statistics, NBS, has said that between April and June 2015, Nigeria earned N2.512 trillion from the export of petroleum products. The NBS,...
