Industry

The Nigerian National Petroleum Company (NNPC) Limited has denied claims that it has reduced the pump prices of petrol and diesel. The NNPC spokesperson, Olufemi Soneye, in a statement, described the claims as false, asking…
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The Minister of Petroleum Resources (Oil), Heineken Lokpobiri has said the solution to Nigeria’s numerous challenges was in the petroleum sector which he noted, handles the highest percentage of forex transactions. Lokpobiri made…
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The Nigerian National Petroleum Company Ltd (NNPC) has recorded about 136 incidents of crude oil theft between the 16th and 22nd of March 2024. This was stated during the weekly show Energy and You aired on NTA where details of the…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) held a meeting with crude oil producers and refinery owners in Nigeria to ensure full adherence to the Domestic Crude Oil Supply Obligation (DCSO) as outlined in the…
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…Sector To Surpass Production Target Lokpobiri Barring any unforeseen circumstances Nigerian Oil and gas sector shall witness investments to the tune of $5 billion, the Minister of State Petroleum Resources (Oil) Senator Heineken…
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Customs recently thwarted smugglers from illegally transporting fuel to Cameroon The Nigeria Customs Service (NCS) said its operatives in Adamawa and Taraba recently thwarted smugglers from illegally transporting Premium Motor Spirit…
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…as CAAF24 urges technology driven solution against climate change As part of ongoing effort to cushion the effect of fuel subsidy removal, the federal government has mapped out strategies aimed at establishing 1000 compressed…
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The Federal Government of Nigeria has projected the creation of 2.3 million jobs and a $17 billion boost to the nation’s GDP once President Bola Tinubu’s new oil and gas policies are implemented. These policies, unveiled on March 6,…
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On Thursday, March 13, Nigerians were again greeted with the news that the Port Harcourt Refinery would become operational in two weeks time. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele…
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President Bola Tinubu has raised the contract approval threshold for the Nigerian National Petroleum Company (NNPC) Limited to a minimum of $10 million or its equivalent in Naira. In an executive order issued in Abuja, the President…
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