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…
Nigeria amasses $3 bln debt to traders for oil swaps – Sources
June 23, 2023 Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for fuel supplies and is trailing…
Nigerian president advised by team to cut state’s stake in oil and gas sector
June 13, 2023 Nigerian President Bola Tinubu has been advised to reduce the state’s stake in the oil and gas sector to raise up to $17 billion to boost economic…
Man Jailed Two Years for NNPC Job Scam in Kaduna
June 8, 2023 The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, has secured the conviction of one Prince Emmanuel Sunday before Justice Darius Khobo of the…
Subsidy Removal: Buhari Handed Banana Peel To Tinubu – Kachikwu
June 6, 2023 The presidential candidate of the Action Democratic Congress (ADC) in the 2023 elections, Dumebi Kachikwu has said that former President Muhammadu Buhari handed a banana peel to…
NNPC winding down crude oil swap contracts – KyariÂ
June 5, 2023 Nigeria’s state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for gasoline imports, its chief executive told Reuters, adding…
Alleged tax evasion: House of Reps Committee indicts over 30 oil companies
May 25, 2023 The report of the House of Representatives ad hoc Committee investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contract (PSC) of NNPC…
Energy security will be achieved by the realisation of Nigeria’s Decade of Gas Initiatives – Kyari
April 20, 2023 The Nigerian National Petroleum Company Limited (NNPC Ltd), says that energy security will rightly be achieved by the realisation of Nigeria’s Decade of Gas Initiatives inaugurated in…
Gas utilisation: NNPC deepens investments in AKK, OB3, others – Kyari
April 17, 2023 The Nigeria National Petroleum Company Ltd. (NNPC Ltd) is deepening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas interconnector to support five billion standard cubic…
Oil Mining Lease: NNPC 18 Operating Ltd replaces Eroton
March 7, 2023 The non-operating Joint Venture (JV) partners of Oil Mining Lease (OML) 18 have appointed the NNPC Eighteen Operating Limited as operator of OML 18 to replace Eroton…