Oil & Gas
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Nigeria lost N2.3tn revenue to oil theft in 12 months — IOC
Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due…
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Fuel Scarcity: FG backtracks, says no specific date yet for removal
Ambassador Gabriel Tanimu Aduda, the Permanent Secretary, Ministry of Petroleum Resources, yesterday declared that the federal government is committed to…
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FG spent N13trn on subsidies in 16 years, thieves stole N16trn oil — NEITI
Nigeria has spent over N13 trillion or $74 billion on fuel subsidies in 16 years, which is between 2005 and…
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Subsidy removal’ll set Nigeria on fire, NLC warns
The Nigeria Labour Congress (NLC), has warned that those pushing for subsidy removal in Nigeria want to set the country…
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Subsidy Removal: Petrol soon to cost N750 per litre — Stakeholders
It emerged yesterday that petrol will sell for N750/ litre, soon, as the federal government prepares to completely deregulate the…
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Resentment, rage as NNPCL hires expatriate to head subsidiary
The appointment of Jean-Marc Cordier as the head of the oil trading arm of the Nigerian National Petroleum Company Limited…
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Fuel scarcity to linger till after elections — Marketers
The scarcity of Premium Motor Spirit, popularly called petrol, in Abuja and other northern states could persist till after Saturday’s…
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Petrol scarcity hits Abuja
The few that sold petrol had vehicular queues snaking several meters around them. From Kubwa, central business district, Garki…
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71 illegal refineries, 22 oil bunkering sites discovered, destroyed
In sustenance of the drive to end oil theft and illegal oil bunkering, the Nigeria Security and Civil Defence Corps…
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Those managing Nigeria’s oil must account for crude oil theft – Osinbajo
Vice President Yemi Osinbajo has declared that tackling crude oil theft and sabotage remains a major concern of the Federal…
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