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Gas flaring cost Nigeria N53.26bn in two months – NNPC

  An estimated N53.26bn was lost by Nigeria in the first two months of 2021 as international oil companies and local players flared a total...

FG to export gas to Morocco, Senegal, Europe

  Plans are underway by the Federal Government to export gas through its West Africa gas pipeline to Senegal, Morocco and Europe, the Federal Government...

Diesel price climbs to N290/litre as crude price hits $74.27 per...

  This week, an increase in the price of a litre of Automotive Gas Oil, also known as diesel, has been recorded as it soared...

Nigeria spends N150bn on fuel subsidy monthly ― NNPC

  The Federal Government spends between N140 billion to N150 billion monthly on fuel subsidy, the Group Managing Director of the Nigerian National Petroleum Corporation...

Nigerians should be paying N256/litre for petrol — NNPC

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says Nigerians should be paying at least N256 per litre for petrol. Kyari...

Nigeria to save about $3bn yearly from Dangote Refinery — Emefiele

  Dangote Refinery, under construction, has been tipped by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to have a potential...

NNPC to acqure equities in six private refineries

  The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to acquire equities in six private refineries in the country. This was contained in a statement...

Trading surplus in February increases by 314% — NNPC

The Nigerian National Petroleum Corporation (NNPC) has disclosed that a N39.85 billion trading surplus was recorded for the month of February 2021, which represents...

FG orders return of four OML leases to NNPC

    An approval has been made by President Muhammadu Buhari for the restoration of the leases on OMLs 123, 124, 126 and 137 to the...

Fuel queues to disappear soon, NNPC GMD says after meeting Buhari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has frowned at the re-emergence of petrol queues across the country,...

Britain to assist Nigeria fight terrorism – Johnson

  British Prime Minister, Boris Johnson, has pledged his country’s preparedness to assist the government of Nigeria in its fight against terrorism. According to a statement...
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