Former Head of State, General Abdulsalami Abubakar (retd.) has expressed his conviction that should the federal government’s plan to increase pe
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the total volume of crude oil and condensate that Nigeria produced in
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The National Economic Council (NEC) has declared that it has yet to decide on the issue of fuel subsidy removal as deliberations are still ongoing. Th
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The Port Harcourt Refining Company, currently under rehabilitation, will supply 11 million liters of Premium Motor Spirit, popularly called petrol, to
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AP LPG terminal, a fully owned subsidiary of Ardova PLC, on Wednesday, 19 January 2022, performed the groundbreaking ceremony for the construction of
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The Federal Government on Wednesday said it has been working to establish three modular refineries in each of the oil producing states, specifically i
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Following Nigeria LNG Limited’s (NLNG) announcement that it would only supply the domestic market, there has been a slight hike in the price of
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Crude oil production in Nigeria fell below 1.2 million barrels per day (bpd) in December 2021 from 1.28 million bpd in the previous month, according t
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President Muhammadu Buhari has not asked any official in his government to implement the removal of petroleum subsidy, says the Senate President, Ahma
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The Nigerian National Petroleum Company (NNPC) is eyeing more revenue with the implementation of the Petroleum Industry Act (PIA). Addressing staff of
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The Nigeria LNG Limited (NLNG) has suspended its exportation of cooking gas in a strategic move to only supply the local market by 100%. In a statemen
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The Nigerian government may pay over $4.5 billion to subsidise fuel for its citizenry, as oil price was projected to hit $100 per barrel. BizWatch Nig
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The international oil benchmark, Brent crude, rose above $84 per barrel on Wednesday on tight supply and unceasing worries about the impact of Omicron
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Oil prices witnessed a 3 per cent increase on Tuesday on goals of tighter crude supplies. Experts believe that the rise may be related to expectations
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The Federal Government last year announced a plan to remove fuel subsidies by the first quarter of this year. The proposed removal of fuel subsidy by
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Federal Government oil earnings have been reduced by about N1.474tn between January and October 2021 due to various concerns at terminals that prevent
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Investment company, Heirs Holdings, has commenced work on Oil Mining Lease (OML) 17, in which it acquired a 45% stake a year ago. While the Nigerian N
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There is optimism among stakeholders that the much-expected Dangote refinery will alter the narratives in the nation’s downstream sector this year. Th
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Five local independent oil and gas companies are currently bidding for the onshore oil assets of Royal Dutch Shell in Nigeria. The firms include, Sepl
Read MoreThe Federal Government (FG) has expressed its commitment to ensuring the further decline of cooking gas prices in the country, as the commodity recent
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