Oil & Gas
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NNPCL repays 60% of $1bn loan taken to buy stake in Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has successfully repaid 60% of a $1.036 billion loan that it took in…
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Rain, lightning, thunderstorms caused petrol scarcity – NNPC
The Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations…
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Tinubu’s petrol subsidy gulps N15trn as scarcity worsens
President Bola Tinubu’s administration has spent N15.096 trillion on petrol subsidy in the last 14 months, according to BusinessDay’s calculations.…
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NNPC Ltd denies paying fuel subsidy
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has not paid fuel subsidy to anybody in the last…
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FG to begin crude oil sales to Dangote, others in Naira October
The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October. …
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Tinubu approves payment of fuel subsidy – Report
President Bola Tinubu has approved the request of the Nigerian National Petroleum Company Limited (NNPCL) to use the 2023 dividends…
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Queues everywhere as petrol scarcity spreads nationwide
The biting scarcity of Premium Motor Spirit (PMS), also known as petrol, which had hit the Federal Capital Territory (FCT)…
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Petrol pump price nears N1,000 per litre in FCT, states
Petrol supply has continued to be on and off across the country forcing many filling stations not to dispense the…
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Unending Hardship: Prices skyrocket as petrol scarcity bites harder
Nigerians have expressed anger and frustration over the prolonged scarcity of Premium Motor Spirit, popularly called petrol, across various states…
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Again, Port Harcourt Refinery fails to commence operation, postponed for 6th time
The Port Harcourt Refining Company, a refinery under the management of the Nigerian National Petroleum Company Limited in Rivers State,…
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