Oil & Gas
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FG may reintroduce fuel subsidy, set to pay N1.68tn as marketers forecast N900 per litre
The Federal Government may spend about N1.68trillion as subsidy on Premium Motor Spirit, popularly called petrol, from September to December…
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Prices of petrol, diesel to rise as crude hits $97.17
There are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by…
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Dangote Refinery imports crude as NNPCL swaps oil for loans
The Dangote Petroleum Refinery is currently importing crude oil and expects its first crude cargo in two weeks’ time, the…
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Subsidy removal by FG merely partial, expect full one – Oil Marketers
Nigerians have been told to expect another hike in the pump price of petrol. This is as a result…
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Fresh fuel price hike imminent as crude hits $94
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar,…
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Nigeria now second largest producer of crude in Africa – OPEC Report
The Organization of Petroleum Exporting Countries (OPEC), says Nigeria’s oil production increased to 1. 18 million barrel per day (bpd)…
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PENGASSAN reacts as Dangote refinery fails to meet production deadline
The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by…
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From 46million litre per day, petroleum consumption in Nigeria crashes by 30% – NNPC
The Nigerian National Petroleum Company Limited (NNPC) has said that petrol consumption in Nigeria has decreased. NNPC Group Managing…
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Fuel queues resurfaces in Lagos, Ogun, others
Long queues for Premium Motor Spirit, popularly called petrol, are beginning to resurface at filling stations in Lagos and Ogun…
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Nigeria still losing 400,000 barrels of crude oil daily – NSA
The National Security Adviser (NSA), Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily…
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