Industry

In what appears like a boost for the naira, the Nigerian National Petroleum Company (NNPC) Limited and the African Export-Import Bank (Afreximbank) have jointly signed a commitment letter and Termsheet for an emergency $ 3 billion…
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By Moses Patience Chat The Movement for the Survival of the Ogoni People (MOSOP) has denied receiving a compensation of $300 million from the Nigerian National Petroleum Company Limited (NNPCL) to facilitate resumption of oil…
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By Moses Patience Chat Nigeria-Sao Tome & Principe Joint Development Authority (NSTPJDA) and its partners, TotalEnergies Upstream Nigeria Limited and ExxonMobil, have commissioned a hygiene and sanitary facility to the…
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The Nigerian National Petroleum Company Limited (NNPCL) reported 121 crude oil theft incidents between July 29 and August 4, 2023. This is according to the company’s Energy series which airs weekly on the Nigerian Television…
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Hours after reports that the price of liquefied natural gas, also known as cooking gas, will increase in the coming days, the retail price of the commodity has risen to N800 per kilogram, findings have shown. Stakeholders in the…
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Following the recent hike of the Premium Motor Spirit (PMS), also known as Petrol or fuel after the removal of the subsidy by President Bola Tinubu-led government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has…
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A breakdown shows that the Port Harcourt, Kaduna, and Warri refineries gulped $25bn in Turn Around Maintenance in the last six years However, a new report showed that Nigeria had spent billions of dollars on the maintenance of its…
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MRS Oil Nigeria Plc, a Nigerian firm focused on oil marketing and predominantly owned by the affluent entrepreneur Sayyu Dantata, has unveiled its financial outcomes for the initial six months of 2023. The results showcase a remarkable…
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...VAT suspension will cushion the harsh economic effects of the fuel subsidy removal Taiwo Oyedele, the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms has told President Bola Tinubu to suspend Value Added…
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*Say “We Are Going to Try” *President Bola Ahmed Tinubu sat with Ngozi Okonjo-Iweala to discuss some of the challenges Nigerians are facing *One of the subjects of discussion was the impact of the rising price of petrol across…
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