An Austrian Firm, Scantech Isoplus, has expressed its readiness to build a factory that will support local production of intrusion detection pipelines
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The Chairman of Heirs Holdings, United Bank for Africa and Transnational Corporation of Nigeria Plc, Tony Elumelu, said the group encountered enormous
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The Senate Public Account Committee has kicked against the payment of ₦98.4 million for the printing of leaflets by the Petroleum Resources Ministry.
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The prices of cooking gas and diesel surged in many parts of the country last month, the National Bureau of Statistics said in its new reports on the
Read MoreNigeria recorded a combined earnings of $120.49 million from export of crude oil and gas in September 2020, a latest report by the Nige
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The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Friday announced the completion of the sale of its shares in Oil Mining Lease (OM
Read MoreThe international oil benchmark, Brent crude, fell to $55 per barrel on Friday from peak of $56 per barrel it sustained in the past two days amid decl
Read MoreThe Nigerian National Petroleum Corporation, NNPC, has received bids from 96 companies, which have shown interest in the rehabilitation of its downstr
Read MoreVice President Yemi Osinbajo met with investors in the oil industry on Tuesday to examine ways to reduce the cost of production of crude oil and make
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President of the Nigerian Senate Ahmad Lawan has described the Petroleum Industry Bill as a “demon”, stating that there were agents workin
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The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday, stated that the Federal Government has no intention of subsidizing pe
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The sustained rise in global crude oil prices has raised the landing cost of imported petrol closer to the current pump prices of the product in the c
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A hotel owned by Obat Oil and Petroleum Limited was on Thursday approved for sale by the High Court of the Federal Capital Territory in Jabi, Abuja. T
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The Nigerian National Petroleum Corporation (NNPC) has commenced negotiations with trading firms to secure $1 billion for the refurbishment of its Por
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The price of Brent crude suffered a decline on Monday, slipping from a record high of $53.30 to $51.24. The market had seen the price of the commodity
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The Director, Department of Petroleum Resources (DPR), Sarki Auwalu, said that Nigerian indigenous oil companies are now taking the centre stage, in e
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Nigeria’s export to the United States, under a duty-free policy, dropped in the first nine months of 2020, recording $351.73 million from January to S
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Nigeria’s President, Muhammadu Buhari has stated that Nigeria is close to being self-sufficient in liquefied petroleum gas (LPG) production. The
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The price at which Liquefied Petroleum Gas is sold to marketers in the country has increased by over 20 percent in the past one month. The local curre
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The Nigerian Petroleum Development Company has disclosed that it has begun operations at its integrated gas handling facility. It also stated that the
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