The Nigerian National Petroleum Company (NNPC) Ltd has blamed the poor execution of turnaround maintenance in the past and other factors for deterioration and near collapse of the nation’s refineries. Group Managing Director (GMD) NNPC Ltd,...
Fuel queues resurfaced in petrol stations across Abuja over the weekend, with many motorists scrambling to get petroleum products. Filling stations in the Wuse, Bwari and Lugbe areas of the FCT sold petrol at prices...
The Nigerian National Petroleum Company (NNPC) Limited has said Nigeria is facing significant challenges in ensuring energy security for the country as well as maximising the country’s revenues from its hydrocarbon resources. The Chairman of the...
The national action committee on the African Continental Free Trade Area (AfCFTA) says it has commenced the development of policies in collaboration with relevant export agencies for the free flow of trade in Nigeria. Ogo Chukwura,...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said four federal government agencies generated a total of N28.02 trillion between 2017 and 2019. NEITI disclosed this in its latest fiscal allocation and statutory disbursement (FASD) report released...
The subsidy on Premium Motor Spirit, popularly called petrol, rose to N675.93bn between January and March 2022, according to the latest data from the Nigerian National Petroleum Company Limited on Wednesday showed. Also, the NNPC has...
Despite intervention by the Nigerian National Petroleum Company Limited (NNPCL) and the House of Representatives, aviation fuel or Jet A1 has continued to sell above N585 per litre, Daily Trust reports. The fuel is said to...
Central Bank of Nigeria (CBN) has asked for the immediate release of N3.5 billion rebate to 150 exporters who participated in the Race To $200 billion initiative. The news was broken by Nneka Onyeali-Okpe, managing director...
The Senate has constituted a 13-member ad hoc committee to investigate suspected crude theft and its impact on the economy. President of the Senate, Ahmad Lawan, announced this during plenary on Thursday. Mr Lawan said the...
Minister of state for petroleum resources, Timipre Sylva, says the Port Harcourt refinery is on course to resume operations by the first quarter of 2023. Sylva said this while fielding questions from journalists shortly after the...