News

The significant growth in local consumption of Liquefied Petroleum Gas (LPG), which is pegged at about 600,000 metric tonnes yearly, has been hinged on many Nigerians converting to the use of cooking gas for domestic and commercial…
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The Nigerian National Petroleum Corporation (NNPC) has signed a novation agreement with Nigerian Agip Oil Company (NAOC) on Oil Mining lease (OML) 60,61,62 and 63. Nigerian Agip Oil Company (NAOC) Limited operates in the Niger Delta,…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Wednesday allayed fears of anxious Nigerian who fear the end of fossil fuels was near, saying the essential commodity would remain…
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The Federal Government has declared Tuesday, October 1, as public holiday to mark Nigeria’s 59th Independence Anniversary Celebration. The declaration was announced in a statement issued Wednesday in Abuja and signed by the Permanent…
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As part of concerted efforts to guarantee energy security in the country, the Nigerian National Petroleum Corporation (NNPC) and the Major Marketers Association of Nigeria (MOMAN) have resolved to continue to work hand-in-hand to grow the…
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Host Communities of Oil Mining Lease, OML11, in Rivers and Abia States, have begged the Federal Government to mandate the Nigerian National Petroleum Commission, NNPC, to takeover the operation of OML11 from Shell Petroleum Development…
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President Muhammadu Buhari warned on Tuesday that Nigeria would not tolerate attempts by persons and organisations he called international criminals to defraud the country. He also stressed that his administration would sustain its…
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More evidence has emerged in the ongoing Eni/Royal Dutch Shell $1.3 billion corruption case over Nigeria’s controversial Oil Prospecting License, OPL, 254. A Switzerland top court, the Federal Tribunal, has allowed Geneva…
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Nigeria’s government will do “whatever it takes” to protect its economy from a more than $9 billion arbitration claim over a failed gas project, policy makers said, but the government will not rule out a settlement with a firm registered…
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The Nigerian Extractive Industries Transparency Initiative, NEITI, has accused the Nigerian National Petroleum Corporation, NNPC, of failing to remit to the Petroleum Equalisation Fund Management Board, PEF(M)B, bridging allowances for a…
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