Industry

Nigeria's rising fuel prices have raised public concerns, with many blaming local producers like Dangote Refinery. However, OPEC emphasizes that taxes imposed by major oil-consuming nations are primarily responsible. OPEC's…
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*Company admits owing oil traders   *Experts allege creative accounting, fraud in NNPC report  *Fuel price surges as scarcity bites harder *NNPC Towers, Central Business District, Abuja At what it termed a world press conference on…
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*NO WONDER THEY DO NO WANT DANGOTE REFINERY. Here’s a breakdown of the costs that make up the landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria, totaling N1107 per liter: 1. FOB cost: N434.322. Freight…
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By Adaobi Rhema Oguejiofor Aradel Holdings, a leading independent integrated Oil & Gas firm, has announced its support and participation at the upcoming Young Professionals (YP) Port Harcourt Mentoring Programme. The…
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FILE: NNPC distribution truck. A truck with the logo of the Nigerian National Petroleum Company Limited has been confiscated by security agents for conveying stolen crude oil in the Niger Delta. The truck was among several other…
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The $550 million upstream gas project between the Nigerian National Petroleum Company Limited (NNPC Ltd.) and TotalEnergies on the development of the Ubeta field has commenced operations, the Presidency announced on Tuesday. The…
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The Ministry of Petroleum Resources (Gas) has clarified media reports from senior official of the Dangote Group that company abandoned a proposed 1,200km subsea gas pipeline due to government policies stating that government policies…
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Three major oil marketers in the country are expecting vessels of imported petrol this week despite the availability of petroleum from the local Dangote refinery. According to reports, the dealers said about 141 million litres of…
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The Centre for the Promotion of Private Enterprise (CPPE) says some powerful forces are bent on preserving fuel importation in Nigeria. Muda Yusuf, chief executive officer (CEO) of CPPE, spoke on ‘Morning Brief’, an interview…
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The Executive Vice President, Downstream, Nigerian National Petroleum Company (NNPC) Limited, Adedapo Segun, has said the Port Harcourt Refinery is on course to produce petrol. He spoke in Lagos at the weekend. According to him,…
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