Oil & Gas

Nigeria losses $2.7bn as oil production falls below 1mb/pd

Nigeria’s oil production crashed below the one million barrels per day mark in August costing the country about $2.658 billion,…

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Oil workers to embark on protest over oil theft in Niger Delta, blame soldiers

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Wednesday threatened showdown with the federal government over…

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Petrol to cost N462 per litre without subsidy, says NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) says premium motor spirit (PMS) will cost consumers N462 per litre without the…

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NNPC is culpable in N6.34tn petrol subsidy scandal, Customs boss alleges

The Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), has stated that the Nigerian National Petroleum Company Limited (formerly…

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Fuel importation will end by 2023 — NNPC GMD

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the country would…

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Oil Theft: Top govt officials, security operatives, foreigners behind oil bunkering in Nigeria

It is not hidden information that a sophisticated mafia of powerful Nigerians and foreigners, including top military operators, government officials,…

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NNPC fails to remit into Federal Account despite N2.38trn revenue in 6 months

The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it made N2.38 trillion revenue from oil sales, however the…

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Nigeria rakes in N12.6trn oil income in first half of 2022

Nigeria has accumulated princely $21 billion or some N12.6 trillion oil income in the first seven months of the year,…

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Oil marketers disown fake consultants, decries intimidation of members for illegal levies

The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Wednesday decried the harassment and intimidation of its members by people…

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Fuel Subsidy Scam: Reps to probe over 200 accounts domiciled with CBN

The House of Representatives, on Thursday, unveiled plans to investigate over 200 accounts being operated by Nigerian National Petroleum Corporation…

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