The Federal Government revealed on Wednesday that Nigeria’s daily petrol consumption has decreased to 50 million litres, with domestic refineries now meeting half of the demand....
President Bola Tinubu on Tuesday night congratulated the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalisation of the Port Harcourt Refinery. The refinery commenced...
Femi Falana, a Senior Advocate of Nigeria and prominent human rights lawyer, has urged the Federal Government to hold Italian firms Maire Tecnimont SPA and Saipem...
The Federal Government has announced that it will begin selling crude oil to local refineries, including the Dangote Refinery, in naira starting from October 1, 2024....
The Socio-Economic Rights and Accountability Project (SERAP) has secured the permission of the Federal High Court to continue its lawsuit seeking to compel President Bola Tinubu...
The Federal Government says the Ministry of Petroleum Resources will review the implementation of the Petroleum Industry Act (PIA) along with stakeholders in the upstream and...
In order to find a lasting solution to the current pricing crisis of petroleum products in the country, the Nigeria Extractive Industries Transparency Initiative (NEITI) has...
The Governor of Nasarawa State, Abdullahi Sule, on Monday, denied reports that he criticised former President Muhammadu Buhari for not making the nation’s refineries functional during his administration. Sule, in...
The House of Representatives Ad hoc Committee probing the state of the country’s refineries on Thursday gave the Minister of State for Petroleum Resources, Timipre Sylva,...
The Nigerian National Petroleum Corporation (NNPC) Limited has shown interest in purchasing Nigerian power plant facilities, which would allow it to expand its oil mandate to...
AUTHOR: Ugo Onuoha BOOBY-TRAP! That is what the regime of the President, Maj-Gen. Muhammadu Buhari, has set for the administration, if any, that would succeed him...
The Governor of Rivers State, Nyesom Wike has decried how the country loses revenue due to the activities of illegal oil refineries which also constitute hazardous...
The Nigerian National Petroleum Corporation (NNPC) has reported a N473.3 billion operating loss on three idle refineries in Warri, Port Harcourt, and Kaduna in the last...
The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday, explained why the Federal Government is working hard to rehabilitate the country’s refineries. Sylva, who...
The Nigerian National Petroleum Corporation (NNPC) continues to post operational loss on the three refineries it manages on behalf of the government. NNPC operates Kaduna Refining...
The Nigerian National Petroleum Corporation (NNPC) on Friday invited bids from interested companies for the operation and maintenance of its three refineries. The three refineries are...
The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria. Mr Paul Osu, Head, Public Affairs, DPR, made...
Nigerian entrepreneur and founder of So Fresh, Olagoke Balogun, has criticised the handling of local refineries within the country, stating that the Nigerian government is inadequate...
The Department of Petroleum Resources (DPR) granted licences to 14 private investors to build refineries in the country last year. The agency disclosed this in its...
Nigeria’s three refineries under the management of the Nigerian National Petroleum Corporation (NNPC) have not made any profit or produce a drop of fuel since October...
The Nigerian National Petroleum Corporation (NNPC) is in negotiation with oil traders to source $1 billion in advance for crude oil payment to revamp its largest...
The Nigerian government said it would close operations at state-owned refineries temporarily as part of plans to obtain funding and a model to upgrade the facilities....
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...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that lack of proper maintenance of facilities over the years was...
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)...
The Nigerian National Petroleum Corporation, NNPC, has revealed that the importation of Premium Motor Spirit, also known as petrol, into Nigeria, through its Direct Sale Direct...
Reluctance by European buyers over high prices has left about 20 cargoes of Nigerian crude oil from April loading unsold, Reuters has reported. The reluctance of...
The Federal Government has begun talks with Saudi Arabia national oil company, Aramco for investment in the country’s refineries. The Minister of State for Petroleum Resources,...
Nigerian refineries made a total loss of N132.5 billion in 2018, a 39 percent increase from the N95.09 billion loss it incurred in 2017. According to...
Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation (NNPC)...
The Nigerian National Petroleum Corporation (NNPC) has said that Federal Government-owned refineries lost N96.34bn in the first nine months of 2018. The refineries, located in Port...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said it was no longer possible for the four ailing refineries belonging to the Nigeria...
The Nigerian National Petroleum Corporation (NNPC) has announced its plans to completely shut down three of its four refineries in order to rehabilitate them to attain...
Nigeria’s Acting President, Yemi Osinbajo, has seemingly settled all controversies around the fate of the countries refineries. The acting president on Wednesday declared that the federal...
The disclosure by government that, baring any unforeseen circumstances, new investors will take over the management of Nigerian refineries, by September 2017, has started causing some...
Crude oil shipment from West Africa to Asian countries is expected to reduce by about 4.3 per cent this April, going by data obtained from relevant...
What to do with Nigeria’s inefficient and under-performing petroleum refineries is still a cause for concern. On Sunday, the Nigerian National Petroleum Corporation (NNPC) said that...
Experts have described as a waste of resources government’s proposal to spend about $2 billion for turn around maintenance (TAM) of Nigeria’s three refineries any moment...
The House Committee on Privatisation is crossed with the Federal government over the proposed privatisation of the nation’s three refineries, namely: Warri, Port Harcourt and Kaduna...
The Federal Government has concluded plans to privatize the nation’s refineries within the next 12 months, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who is also the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), has...
This is cheery news for Nigerians no doubt as the Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that the nation’s three refineries namely: Kaduna, Port...
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has assured that two of the refineries may be revived by the end of December....
Former President Olusegun Obasanjo has said that the nation’s refineries, as they presently are cannot be made to function properly. Obasanjo in the second part of...
The recent announcement by the Nigeria National Petroleum Corporation (NNPC) that the nation’s four refineries which had been moribund over the years would soon start refining...
The DSS has continued its probe to unravel the circumstances surrounding crude oil swap deals that did not seem to benefit Nigeria much, by extending the...
