News

Despite increased landing cost of petroleum products, Premium Motor Spirit will continue to sell at N145 per litre, the Nigerian National Petroleum Corporation has said. In a telephone interview with our correspondent in Abuja on…
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The embattled former Attorney-General of the federation (AGF) and Minister of Justice under the administration of President Goodluck Jonathan, Mohammed Bello Adoke has said that he cannot be held responsible for carrying out presidential…
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The Nigerian National Petroleum Corporation (NNPC), has commended Oilserv Limitted, for iplaying a major role in the oil and gas industry since her inception in 1992. The NNPC said the company has contributed immensely to the…
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The High Court of the Federal Capital Territory in Jabi, Abuja on Wednesday, ordered the arrest of the immediate-past Attorney-General of the Federation, Mr. Mohammed Adoke, a former Minister of Petroleum Resources, Dan Etete, and four…
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Stakeholders in the Nigeria’s oil and gas sector yesterday lamented that Nigeria was ill-prepared to turn its abundant gas reserves to economic fortunes for Nigerians. They disclosed this at the 2019 Business Forum and 20th Annual…
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There is an indication that Nigeria has lost the sum of $3.5 billion to gas flaring in five years between January 2014 to April 2019 in nine states of Rivers, Kaduna, Imo, Edo, Delta, Bayelsa, Anambra, AkwaIbom and Abia. This is even as…
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A New York-based Natural Resource Governance Institute (NRGI) yesterday stated that the financial reports of the Nigerian National Petroleum Corporation (NNPC) do not contain systematic financial information that would enable the federal…
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The minister of state for petroleum resources, Ibe Kachikwu, yesterday in Lagos, said queues at filling stations has nothing to do with petrol supply scarcity but as a result of logistics challenges and urged the public to ignore rumours…
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The Nigerian National Petroleum Corporation (NNPC),yesterday says it has fast-tracked contracting cycle for Upstream operations from 24 months to 9 months with a strong promise to further reduce the process to less than six months in the…
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It is not clear if any record exists of how much gas Nigeria has flared since oil production began in fields in the Niger Delta region around 1956, but it is evident that the practice which is as old as oil production in the country has…
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