Oil and Gas
Federal government has dismissed reports claiming it has restored subsidy for premium motor spirit (PMS), also known as petrol. Oil marketers and a section...
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Oil and Gas
Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per...
Oil and Gas
President Bola Tinubu has approved the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum Company Limited to the...
Oil and Gas
A French court has ruled that oil and gas multinational TotalEnergies engaged in misleading commercial practices by overstating its climate pledges, marking what environmental...
News
Telecom operators in Nigeria invested more than $1 billion in 2025 to deploy over 2,850 new sites, boosting nationwide coverage and capacity, according to...
News
Federal Government has announced a reduction in entry costs for the 2025 oil licensing round as part of efforts to improve transparency, boost crude...
Oil and Gas
Premium Motor Spirit (PMS) marketers have raised alarm over the lightness of the product in some retail outlets, saying it is inferior to the...
Oil and Gas
President Bola Tinubu is reportedly considering a “temporary subsidy” on petrol as crude oil prices and foreign exchange rates continue to rise. Presidential sources...
Oil and Gas
Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the Naira and stabilise the foreign exchange...
Oil and Gas
Independent Petroleum Marketers Association of Nigeria (IPMAN) has said local refining of crude oil will save at least N70 per litre off petrol price...
Oil and Gas
Shell Plc is reportedly set to resume talks to sell some of its Nigerian oil fields. The oil giant is said to be in...
Oil and Gas
Nigerian National Petroleum Company (NNPC), has said it recorded 240 incidences pertaining to crude oil theft and pipeline vandalism in the Niger Delta in...
Oil and Gas
Nigerian National Petroleum Company Limited and its joint venture partners plan to add about 192,000 barrels of crude oil per day to Nigeria’s oil...
Oil and Gas
Nigerian National Petroleum Company Limited (NNPC) has resumed oil exploration in the Lake Chad Basin in Borno state, 6 years after it was stopped,...
Oil and Gas
Economic and Financial Crimes Commission (EFCC) has closed its case in a £2.6 billion alleged fraud charge slammed on an oil firm, Petro Union...