NEITI unveils Oil and Gas report 2021, says industry generated over $23bn in revenueÂ
Sept. 18, 2023 … $13.2 bn remitted to the federation account The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021. The…
Viral video: Two suspects relieved of their jobs, products distribution will not be compromised – Petroleum Association reacts
Sept. 2, 2023 The Petroleum Products Retail Association of Nigeria (PETROAN), says it will continue to ensure that the distribution process of petroleum products to retail outlets is not compromised….
Nigeria pumping 1.67 million barrels of oil, condensates per day
September 2, 2023 Nigeria is pumping 1.67 million barrels of oil and condensates per day, compared with just under a million barrels some months ago, due to security improvements in…
Nigeria loses an average of 7.2m dollars monthly from illegal crude oil connection discovered in Abia – FG
Aug. 27, 2023 An oil theft situation assessment delegation deployed in the Niger Delta by President Bola Tinubu discovered an illegal oil connection on Saturday. From the illegal connection discovered…
2000 displaced persons to benefit from NNPC/SNEPCo resettlement support in Borno
August 9, 2023 The Shell Nigeria Exploration and Production Company Ltd (SNEPCo) says no fewer than 2000 displaced persons in Borno are to benefit from its livelihood resettlement intervention. The…
Explainer: What government is doing about fixing refineries
By Temitope Ajayi A pattern has emerged in the arguments many of the partisan and ideological critics routinely make on television stations. There is this tendency to always…
End of Nigerian fuel subsidy set to squeeze Europe’s refiners
July 28, 2023 One of Europe’s main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country’s domestic demand…
Police foils attempt to steal fuel from NNPC Pipeline in Lagos
July 8, 2023 The police command in Lagos State says its operatives have foiled an attempt by hoodlums to steal oil at the Nigerian National Petroleum Corporation (NNPC) Pipeline. SP…
Fuel subsidy removal: NNPC, marketers, others were involved in the subsidy scam – Isa Yuguda
June 26, 2023 Former Governor of Bauchi State, Isa Yuguda, on Monday said that fuel subsidy has always been a scam, claiming it was run by the Nigerian National Petroleum…
As Nigeria scraps fuel subsidy, a vibrant black market collapses
June 26, 2023 Things have been topsy turvy lately on the roadsides of West African nations where cheap contraband petrol from Nigeria has abruptly doubled in price, upending an informal…