Industry

The Nigerian National Petroleum Corporation (NNPC) has revealed that it sold a total of N2.106 trillion of refined products to Nigerians between February 2020 and February 2021, with petrol taking a huge chunk of N2.070 trillion of the…
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The Nigerian National petroleum Corporation (NNPC) started it weekly activities with its subsidiary, the NNPC Trading Company partnering with the federal fire service to ensure safety in operations. According to the Corporation, this is…
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Total Nigeria Plc has approved an interim dividend of N1.358 billion representing N4.00 per share for the half year unaudited financial results ended June 30, 2021. This is, according to an official disclosure signed by the company’s…
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Only 30 of the 70 refineries licenses issued by the Department of Petroleum Resources (DPR) are active, The Nation learnt on Thursday. According to a July 8 document entitled “List of private licensed refineries”, 35 refineries have the…
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The Nigerian National Petroleum Corporation (NNPC) has remitted N225.85 billion to the federation accounts allocation committee (FAAC) in the first five months of 2021. This was revealed in the monthly crude oil and gas sales and…
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Nigeria recorded a loss of 33 billion standard cubit feet of natural gas in the first two months of the year as a result of gas flare by both International Oil Companies, IOCs, and National Oil Companies, NOCs operating in the country. …
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10. South Africa South Africa holds down the 10th position with an average of 190,000 barrels of oil in a day. South Africa is also among the strongest and richest economies in Africa. 9. Gabon Gabon is a country located…
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Nigeria’s oil output dropped by 11.47 per cent year-on-year, YoY, in the second quarter of 2021 (Q2’21). But the decline also showed significant under-production against the quota, Organisation of Petroleum Exporting Countries, (OPEC)…
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The Nigerian government would require no less than N1.32 trillion (3.2 billion) to be able to transition its vehicles from the use of premium motor spirit, popularly known as petrol, to the use of natural gas. The cost is to enable the…
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The Department of Petroleum Resources (DPR) says the misinterpretation of comments about subsidy elimination has caught its attention. This follows an online publication claiming that without alternative energy, the price of PMS could…
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