Industry

The Nigeria Extractives Industries Transparency Initiative says the country earned $741.48 billion from the oil and gas sector between 1999 and 2020. Dr Ogbonnaya Orji, the Executive Director of NEITI, disclosed this on Wednesday…
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The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has said the statement credited to the Nigeria National Petroleum Company Limited (NNPCL) that there is no plan to increase petrol prices despite the fall of…
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By Moses Patience Chat The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a three-day sensitisation workshop on “Achieving Zero-tolerance for…
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By Moses Patience Chat The Managing Director (MD) of Fanot Oil and Gas Company, Engr. Felix Aruya , has announced the Company's plan to build another refinery in Edo State, adding that the project would commence as soon as…
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Adaobi Rhema Oguejiofor The United States Undersecretary of Commerce for International Trade, Marisa Lago, has said that Nigeria needs charging infrastructures in order to facilitate the adoption of electric vehicles (EVs). Lago,…
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Adaobi Rhema Oguejiofor The Nigerian Extractive Industries Transparency Initiative (NEITI) has said that it is set to provide data on the actual volume of petrol consumption in the country, stating that it will start providing…
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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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