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Friday, August 12, 2022

EU To Switch Gas Supply From Russia With Nigeria

Following the invasion of Ukraine, the European Union (EU) will shortly switch the gas from Russia to the gas from Nigeria. This was announced yesterday...

Nigeria Ranks Sixth On Bitumen Reserves, NGSA Seeks Investors

The Ministry of Mines and Steel Development, working with the Nigerian Geological Survey Agency (NGSA), has stepped up efforts to attract investors to the...

Establishing A Highly Competitive Domestic Hydrocarbon Market In Nigeria

Nigeria represents one of the continent's most mature oil and gas markets and the second largest oil producer in sub-Saharan Africa. The country's energy...

FG Passes N12.44bn For Projects In Environment, Petroleum Ministries

The Federal Executive Council (FEC) adjourned its weekly meeting at the State House in Abuja on Wednesday with the clearance of N2.449 billion for...

NSIA, Vitol Seal $50m Joint Venture To Reduce Carbon In Nigeria

The Nigeria Sovereign Investment Authority (NSIA) and Vitol have signed a Joint Venture (JV) agreement to invest in carbon avoidance and offsetting projects. NSIA announced...

N165/Litre Fuel: Depot Owners Dismiss FG’s Order

Oil marketers on Sunday laid forth requirements for the Federal Government to meet to keep the pump price of Premium Motor Spirit, often known...

Why Nigeria Is Under-utilising Her Mineral Resources – Minister

Olamilekan Adegbite, the Minister of Mines and Steel Development, has revealed that amongst the factors that have contributed to the under-utilisation of Nigeria's mineral...

Nigeria Spends $3.6bn On Petrol Import – NBS

Nigeria has so far spent no less than N1.51 trillion on the importation of petrol in 2022. This is according to the National Bureau...

ECOWAS Don Says NNPC Be Listed On Nigerian Exchange After Worth Estimation

Ken Ife, a professor of economics and the Economic Community of West African States' Chief Economic Strategist, has estimated the worth of the Nigerian...

NNPC Finally Becomes A Limited Liability Company

The Nigerian National Petroleum Company Limited (NNPC), from July 1, 2022, is predicted to become a fully Limited Liability Company whose operations will be...

NNPC Moves To Stop $1.6bn Seplat Deal With Major Counter-Offer

Following reports on the failed assets acquisition deal between Seplat Energy and ExxonMobil, the investigation has shown that the state oil company, the Nigerian...

Fuel Scarcity Resumes In Abuja And Other Neighboring States

Filling stations in Abuja and neighbouring states of Nasarawa and Niger that distributed Premium Motor Spirit, popularly called petrol, on Sunday, were greeted with...

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