Oil & Gas
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Audited statements publication facilitated $1.5bn refinery funding –NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the publication of the audited…
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FG to increase petrol pump price to N234 per litre in April
After dilly-dallying, it is now official that the liability Nigerians fear most, fuel subsidy, is real and active after the…
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We pay about N120bn monthly to subsidize petrol, NNPC laments
The Nigerian National Petroleum Corporation (NNPC) says it pays between N100 billion and N120 billion every month to subsidize Premium…
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Kyari counters criticisms trailing rehabilitation of PH Refinery, justifies $1.5bn project
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation…
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$1.5bn Refinery Project: Nigerians should hold me accountable for every cent – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, has promised to ensure that every cent of the $1.5 billion…
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Sanwo-Olu excited over refinery, fertilizer progress, impact, lauds Dangote
Lagos State governor, Babajide Sanwo-Olu, has commended the Dangote Group for situating the biggest investment in the country in Lagos…
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Halt plan to renovate Port Harcourt refinery with $1.5 billion – Peterside tells FG
The founder of Stanbic IBTC, Atedo Peterside, has decried the attempt by the Nigerian government to rehabilitate the Port Harcourt…
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FG refineries earn N21bn, lose N778bn in five years
The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to…
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Nigeria to spend N103 billion monthly on petrol subsidy
As it has become clear the Nigerian government has continued to subsidise the price of petrol, a PREMIUM TIMES analysis…
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Another fuel scarcity looms as IPMAN kicks over N42 billion debts, claims
Fuel supply may once again be disrupted throughout the country except the Federal Government immediately pays members of the Independent…
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