Diri: I’m committed to Brass Fertiliser and Petrochemical project; warns ethnic bigots
Bayelsa State Governor, Senator Douye Diri, has strongly condemned an attempt to cause ethnic disharmony in the state through the Brass Fertiliser and Petrochemical Company project which he said he…
FG to meet with govs on petrol, electricity prices
Federal Government will meet with state governors and the Nigerian National Petroleum Corporation (NNPC) on Thursday to find a solution to the issue of right pricing for Premium Motor Spirit…
No plans to increase PMS price in Feb. – NNPC assures Organised Labour, Nigerians
The Nigerian National Petroleum Corporation (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol…
We’ve reduced gas flaring to a very minimal level of 8% — minister
The Minister of State for Petroleum Resources, Mr Timipre Sylva says Nigeria is on course to end gas flaring by 2025. Sylva made this known on Monday at a Public…
President Buhari flags off $1.96bn Nigeria-Niger rail project
President Muhammadu Buhari on Tuesday performed the ground-breaking ceremony of the Kano – Dutse – Jibia (Katsina State} – Maradi 284 Km rail project connecting Kano in Nigeria to Maradi…
Afreximbank disburses $250m to Nigerian oil and gas company to acquire 45% stake in OML
Afreximbank has disbursed 250 million dollars as part of its support for Trans Niger Oil and Gas Ltd (TNOG) to acquire 45 per cent stake in Oil Mining Lease (OML)…
President Buhari passes “COVID-19 Health Protection Regulations 2021” law, stipulates fine or 6 months in prison for violators
President Muhammadu Buhari, on Wednesday signed a law to check the spread of COVID-19 pandemic. The chairman of the Presidential Task Force on COVID-19 and the Secretary to the Government…
Transcorp acquires 45% OML 17 from Shell, Total, ENI
Heirs Holdings (HH) an affiliate of Transnational Corporation of Nigeria Plc (Transcorp) has acquired 45 per cent participating interest in Nigerian oil licence OML 17 from Shell Petroleum, Total and…
PIB: We need find, agree on cheaper means of producing oil – Osinbajo oil and gas stakeholders
Stakeholders in the oil industry need to find and agree on cheaper means of producing oil while also ensuring a more competitive environment that meets the needs and purposes of…
NNPC remains committed to OPEC+, agreement – Kyari tells global Forum
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies called…