News

The National Bureau of Statistics (NBS) released Nigeria’s Q1-19 GDP numbers on Monday as Nigeria recorded an output growth of 2.01 percent year-on-year (y/y). However, oil sector contraction dragged down the GDP. This is slower than…
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Contrary to a widely held view that the manufacturing of electrical cars will shrink the crude oil market, Nigeria’s black gold will remain relevant and profitable almost forever, a Professor of Petroleum Engineering has said. Prof Babs…
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An unidentified whistle-blower who exposed an account with $223m (N80.2bn) belonging to the Nigerian National Petroleum Corporation (NNPC) has accused the office of the Attorney-General of the Federation of withholding his rightful…
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The Nigerian National Petroleum Corporation (NNPC) has explained the recent staff movements in the Corporation, saying it was normal replacement and backfill exercise to bridge the gap occasioned by impending retirement of some management…
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Nigeria’s daily crude oil output is about to be 240,000 barrels per day short as the second largest export pipeline network; the Trans-Forcados Pipeline (TFP) went on flame late Sunday. The Nation could not immediately ascertain the…
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…Urge FG to urgently review Discos’ performance Electricity workers in the country, under the aegis of the Nigerian Union of Electricity Employees, NUEE, have faulted Federal Government’s privatisation of the nation’s power sector,…
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Minister of State for Petroleum Resources, Ibe Kachikwu, and other critical stakeholders have urged the Federal Government to sell the nation’s moribund refineries to interested local and foreign investors. The minister and other…
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There has been a massive reorganisation of the top management staff of the Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been removed or replaced. It was learnt…
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The Nigerian National Petroleum Corporation (NNPC) says it will unveil the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City. The Corporation disclosed…
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No fewer than 160 firms of professional estate surveyors and valuers participated in the bid to provide the Nigerian National Petroleum Corporation with valuation and land acquisition services. This was disclosed by the Group…
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