Oil & Gas
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There’s too much scam in subsidy, FG admits
The subsidy mechanism in Nigeria is fraught with a lot of frauds part of which is the astronomical quantity of…
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OPEC reviews oil production quota for countries
The Organization of Petroleum Exporting Countries (OPEC) has adjusted its monthly production quota for member countries and participating non-OPEC oil-producing…
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Spending N100bn on dead refineries, historical crime against humanity — HURIWA
A civil society organization has described the claim by Nigeria National Petroleum Company (NNPC) that it spent N100 billion to…
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NNPC spends N100bn on rehabilitation of refineries in 2021
The rehabilitation of the nation’s refineries in gulped N100 billion. The Nigerian National Petroleum Company (NNPC) Limited disclosed this in…
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FG must justify fresh N3trn vote, others for fuel subsidy – Senate
The Senate has said the Federal Government will have to justify the fresh demand for N3tn for the extension of…
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Fuel Subsidy Removal: NNPC requests additional N2.58trn for subsidy in 2022
The Nigerian National Petroleum Corporation (NNPC) has requested the sum of three trillion naira (N3, 000,000,000,000) as fuel subsidy for…
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FG proposes extension of fuel subsidy removal by 18 months, wants PIA amended
The Federal Government is proposing to extend its suspension on the removal of fuel subsidy by 18 months. The Minister…
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Dangote Petrochemicals, Fertiliser Plant will accelerate Africa’s economic growth – AfDB CEO Adesina
President of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised…
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Petrol may sell at N403 per litre as FG insists on subsidy removal
Nigerians may need to adjust their expectations ahead of possible removal of subsidy as the rising price of crude oil…
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Dangote Refinery to reduce Africa’s petroleum importation by 36%
African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per…
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