Industry

IMF stated that the Tinubu’s government independently made the decision to do away with fuel subsidy The International Monetary Fund (IMF) has denied advising the President Bola Tinubu administration to remove fuel subsidy. The…
Read More...

The Nigerian National Petroleum Company (NNPC) Limited has signed a deal with a local downstream player to build a natural gas distribution facility with a capacity of 100 million cubic feet a day (MMcfd) in the state of Kogi in…
Read More...

Aradel Holdings Plc Aradel Holdings Plc has announced its participation in the acquisition of Shell Petroleum Development Company of Nigeria Limited (SPDC), Shell’s onshore subsidiary. This was disclosed in a corporate notification…
Read More...

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said President Bola Tinubu wants filling stations converted to Compressed Natural Gas (CNG) outlets. Naija News reports that Ekpo made this known while addressing…
Read More...

The federal government announced plans to boost Nigeria’s Compressed Natural Gas (CNG) conversion by 733 per cent, aiming to reach 250,000 conversions by June 2025, up from 30,000 in October 2024. This initiative, known as the…
Read More...

Indications have emerged that the Nigerian National Petroleum Company (NNPC) Limited has commenced the process of paying the $6.8 billion debt owed to suppliers. Wale Edun, the Minister Of Finance And Coordinating Minister Of The…
Read More...

Nigeria’s state hydrocarbon company NNPC Ltd’s three refinery complexes, currently undergoing turn around maintenance (TAM), will not be producing diesel with sulphur content less than 1,500parts per million (1,500ppm) when they are…
Read More...

Dangote Petroleum Refinery and Petrochemicals FZE has sought the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Company Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano…
Read More...

The federal government has announced the approval of ExxonMobil’s $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant milestone in the transaction first announced in February 2022. The deal is…
Read More...

Adegbolagun The Centre For Righteous Living (CRIL), a faith-based non-governmental organisation (NGO) in Nigeria, has called on the Federal Government to come out clean and clearly explain the situation of the petroleum sector and its…
Read More...