N4.2tn Subsidy Needed To Meet Nigeria’s Current Fuel Supply – NNPC
February 8, 2023 With the increase in fuel supply to tackle the lingering scarcity nationwide, the country needs N4.27 trillion to meet its subsidy requirements, the Nigerian National Petroleum Company…
Delta begins petrol monitoring, distribution, pricing
Delta State Government has set up a product monitoring team to monitor the distribution of Premium Motor Spirit (PMS), otherwise known as petrol in other to ensure the availability of…
Equinor Joins Western Oil Firms’ Retreat From Nigeria -Sources
Jan. 26, 2023 Norway’s Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as…
LASG TASKS RESIDENTS ON GAS LINE PROTECTION
January 25, 2023 Lagos State Government has called on residents of the State and environs to be more vigilant in the protection of petroleum pipelines and ensure that any suspicious…
Fuel Scarcity: Volume Of Product Lifted By Marketers Has Dropped By 40% – IPMAN
January 20, 2023 Amid the lingering nationwide fuel scarcity, the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said the volume of products supplied to marketers have dropped by…
After DSS threat, Abuja Filling Stations Commence 24hrs operation
A day after the Department of State Services (DSS) issued a 48hrs ultimatum to all stakeholders in the oil industry to resolve the ongoing fuel scarcity across the country, 23…
Alleged $200,00 graft : Court to begin Shasore’s trial April 4, 2023
Dec.6, 2022 An Ikeja Special Offences Court on Tuesday, fixed April 4 for the trial of the former Lagos Attorney-General, Olasupo Shasore charged with alleged 200,000 dollars graft. The Economic…
Fuel Queues: NNPC says 2bn litres in stock
Dec. 1, 2022 The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has two billion litres of Premium Motor Spirit (PMS) In stock. This is contained in a statement…
Reps committee quizzes AGIP Oil over alleged tax evasion
Dec. 1, 2022 The House of Representatives ad hoc committee on Joint Venture (JV) on Wednesday quizzed the Nigerian Agip Oil Company Ltd over alleged tax evasion. Rep. Abubakar Fulata,…
Security beefed up as Buhari inaugurates oil drilling in N/East
November 22, 2022 Security measures have been beefed up at the Kolmani River II Oil Field located at a border community between Bauchi and Gombe States for Presidential flag-off of…