Decision to borrowing to acquire 20% equity in DOR driven by the profit potential of refinery business – NNPC
June 29, 2021 The Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari on Tuesday explained why the national oil company is borrowing to purchase a stake in Dangote…
No fraudulent dealings in planned equity participation in DORC – NNPC
June 28, 2021 Mr. Mustapha Yakubu, Chief Operating Officer, Refineries & Petrochemicals, NNPC, says there is no fraudulent dealing in NNPC’s planned equity participation in Dangote Oil Refining Company (DORC)….
Don’t engage in panic buying, Petroleum Marketers have no plan to go on strike – IPMAN President
June 28, 2021 The Independent Petroleum Marketers Association of Nigeria (IPMAN) is neither planning to go on strike nor planning  to shut fuel stations nationwide, its National President, Alhaji Sanusi…
PH Refinery Rehab: Communities are being carried along by contractors – Sylva
June 27, 2021 Chief Timipre Sylva, the Minister of State for Petroleum Resources says oil-bearing communities are being carried along in the rehabilitation of the Port Harcourt Refineries by a…
$300m NNPC deposit is not looted fund, we’ve remitted the money to CBN– Polaris Bank tells Reps
June 24, 2021 The Managing Director of Polaris Bank, Mr. Innocent Ike, has said that the bank has refunded the $300 million lodged with the bank by the Nigerian National…
PIB faces more delay over demands for big changes from community leaders
June 24, 2021 A week before the latest deadline to pass Nigeria’s long-awaited oil overhaul bill, Petroleum Industry Bill (PIB), demands for big changes, including from community leaders seeking an…
Oil Spill: Court Awards N82bn Damages Against NNPC, MPNU
June 21, 2021 The Federal High Court in Abuja has awarded the sum of N82 billion as general damages against the Nigerian National Petroleum Corporation (NNPC) and Mobil Producing Nigeria…
Buhari flags off NLNG Train 7, seeks execution of more gas projects
June 15, 2021 President Muhammadu Buhari has flagged off the Nigeria Liquefied Natural Gas (NLNG) train 7 project, seeking its timely completion so that the Train 8 project can commerce….
FG signs Brass Petroleum Products Terminal agreement to tackle illegal refining, approves building of Oloibiri Museum
June 11, 2021 The Federal Government has signed shareholders agreement for the construction of Brass Petroleum Products Terminal Ltd (BPPT) to curb illegal refining and stabilise products price in the…
FG earns over 1m euros from first recorded carbon credits sale through partnership – NAPIMS
June 9, 2021 Mr. Bala Wunti, Group General Manager, National Petroleum Investment Management Services (NAPIMS) says Nigeria has earned over one million euros from sale of carbon credits through its…