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Wednesday, February 1, 2023

Edo Modular Refinery Begins Operation

The Edo State government-backed Edo Modular Refinery has begun production at its 6,000bpd plant in Ologbo, Ikpoba Okha Local Government Area. The facility with its...

Fuel Scarcity: Buhari Forms Committee With Finance Minister, DSS, EFCC, Customs, Others

President Muhammadu Buhari has authorized the establishment of a 14-member committee to handle the country's scarcity of Premium Motor Spirit (PMS), often known as...

Timipre Sylva To Engage Investors At ‘Invest In African Energy’ Reception, London

Timipre Sylva, Minister of State for Petroleum Resources of Nigeria, will lead investment-focused dialogue during the Invest in African Energy Reception scheduled to hold...

Nigeria’s Oil Production Crashes By 83%

According to research, Nigeria's capacity to extract crude oil has decreased by 83%. The country's export capability decreased by approximately 100% between 2021 and...

Why Petrol Now Sells Above N200 Per Litre – MOMAN

The Major Oil Marketers Association of Nigeria (MOMAN), has attributed why some filling stations are now selling petrol above N200 per litre to the...

Nigeria’s Rising Petrol Price Hits N300 Per Litre

The country-wide shortage of Premium Motor Spirit, often known as gasoline, worsened on Thursday as long lines were seen in Abuja, Lagos, Port Harcourt,...

Gridlock: Lagos Govt Fixed Operation Time For Filing Stations

The Lagos State Government (Govt) has taken steps to regulate the activities of major and independent petroleum marketers operating along major roads and congested...

Fuel Scarcity: Marketers Call Out NNPCL, Raise Supply Concerns

Oil marketers have called out the Nigerian National Petroleum Company Limited (NNPCL), as it accused the state-owned energy corporation of politicising the supply process...

12 Things To Know About Dangote Oil Refinery

The Dangote Oil Refinery has finally been completed and it will be commissioned by President Muhammadu Buhari on January 24, 2023. The Dangote refinery is...

Oil Earnings Up By N363bn In Three Months

Following improvements in security in the Niger Delta area, Nigeria is making headway in its oil revenues as it brought in an additional N363...

Nigeria’s External Reserves Rise As Oil Production Increases

Following the government's outsourcing of pipeline monitoring to private security agents in 2022, Nigeria's external reserves increased further, marking four weeks of an upswing....

Nigeria Records Highest Oil Production Since April 2022

Nigeria produced the most oil in December 2022 than she has since April 2022, according to the most recent Platts study by S&P Global...

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