Oil & Gas
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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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FG to end fuel importation February 2024, says Petroleum Minister of State Lokpobiri
The Federal Government has disclosed that it is targeting to stop fuel importation in 2024, adding that Port Harcourt and…
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Nigeria lost N249bn in July as oil output drops by over 4million barrels
Nigeria lost about N249billion crude oil revenue in July following a plunge in the country’s oil output by over four…
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Petrol price hits N650 per litre in states as queues return in Lagos
Petrol yesterday sold for N650 per litre in Borno, Oyo and Delta states against the current official price of N617.…
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Petrol pump price to hit N750 as naira inches to 1000/$1— IPMAN
The National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Chinedu Ukadike, has said that the pump…
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