Industry

Professor Adeola Adenikinju who is the President of the Nigeria Economic Society (NES), has expressed concerns over the current state of fuel production in Nigeria. Despite the inauguration of the Dangote Refinery, he noted…
Read More...

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPC), has lost his 25-year-old daughter. Details of her death were sketchy as of the time of filing this report, but NAN reported that…
Read More...

With the removal of petrol subsidy in Nigeria, vehicle owners are now forced to consider compressed natural gas (CNG) as a viable option to save them from the high cost of purchasing fuel. On August 19, 2023, the government, led by…
Read More...

The federal government on Friday, October 11, signed a Gas Sales and Purchase Agreement (GSPA) with Shell Petroleum Development Company (SDPC) JV for the $3.3 billion Brass Fertilizer and Petrochemical Company Ltd. (BFPCL). Speaking…
Read More...

The federal government has approved a new policy allowing petroleum product marketers to purchase Premium Motor Spirit (PMS), commonly known as petrol, directly from local refineries, including the Dangote Refinery. According to The…
Read More...

The federal government has announced the full deregulation of the petroleum industry in Nigeria, saying oil marketers were free to purchase their products from any source. Before now, the Nigerian National Petroleum Company (NNPC)…
Read More...

A formee President Goodluck Jonathan's Aide, Reuben Abati has slammed Minister of State for Petroleum, Heineken Lokpobiri, for saying Nigeria is expecting a $50bn investment in the oil sector by December. While speaking in Abuja on…
Read More...

The Federal Government has praised Savannah Energy, the British independent energy company focused around the delivery of “Projects that Matter”, for its substantial investment in Nigeria’s energy sector to date, saying that it…
Read More...

There was a flurry of mixed reactions from social media users after the minister of state for petroleum resources, Heineken Lokpobiri made it known that he did not direct the Nigerian National Petroleum Company Limited, NNPC to stop…
Read More...

Nigeria’s  oil and gas industry remains a cornerstone of the country’s economy, with oil terminals commonly referred to as tank farms serving as crucial hubs for the storage and distribution of petroleum products. These facilities not…
Read More...