Oil & Gas
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Nigeria’s 107.239m barrels of crude oil missing – Auditor General of the Federation
The office of the Auditor-General for the Federation has said that the defunct Nigeria National Petroleum Corporation (NNPC) now NNPC…
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Governors insist on subsidy removal, say NNPC contributes zero to FAAC
Amid dwindling revenue for states, some governors in Abuja, yesterday, insisted the Federal Government must remove subsidy on premium motor…
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Oil prices hit multi-year highs as US sanctions target Russian refineries
targeting Russian refineries, disruptions to shipping and a fall in U.S. crude stocks to multi-year lows kept oil prices racing…
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Fuel Scarcity: Petrol hits N500 per litre in black market
A litre of Premium Motor Spirit (PMS) has hit N500 in the black market in Ibadan, the Oyo State capital.…
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Amidst soaring price of domestic gas, Nigeria’s gas reserve hits 209.5 trillion cubit feet – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria’s proven natural gas reserve has risen to 209.5 Trillion…
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NNPC being transformed to be 5th gas producing company globally – Kyari
The Group Managing Director, Nigeria National Petroleum Corporation Limited (NNPC) Malam Mele Kyari, says the corporation is being transformed to…
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Oil price surges to $105 per barrel ahead of OPEC meeting
Oil price surges to $105 a barrel ahead of a meeting of the Organisation of the Petroleum Exporting Countries (OPEC)…
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Russia-Ukraine War: Fuel scarcity may persist as oil vessels face delay on sea
The ongoing war between Russia and Ukraine may further prolong the over three-week scarcity of Premium Motor Spirit, popularly called…
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Fuel price hike looms as marketers kick against N.5million shipment charge
As Nigerians continue to groan under the petrol scarcity running for the third week, petroleum marketers may be on the…
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Fuel sells for N400 per litre in Abuja, others, scarcity persists in Lagos
Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit,…
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