News

President Muhammadu Buhari Wednesday in Riyadh welcomed the commitment of Saudi energy company, Aramco, and Public Investment Fund (PIF) to explore areas of collaboration for investments in Nigeria, including partnership with the NNPC to…
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The Nigeria Customs Service has announced the seizure of 34 containers of rice smuggled through the Tin Can Island port in Lagos. The Comptroller General of Customs, Hameed Ali (retd), disclosed this in Lagos on Tuesday. He said one…
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POWER LUNCH: On the sidelines of the Future Investment Initiative holding in Riyadh, Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva led the top Management of the Nigerian National Petroleum Corporation in a Trilateral…
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*Impose N500m, 5 years jail term for offenders The House of Representatives on Tuesday approved the new revenue sharing formula from the Deep Offshore and Inland Basin Production Sharing Contract between Federal Government and…
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Africa’s largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports and will effectively replace all of Nigeria’s fuel imports once fully operational, a company executive said on Tuesday. The 650,000…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva Tuesday sought the reduction of the cost of crude oil from over $30 per barrel to less than $10 per barrel. He made the call in Abuja as the Special Guest of Honour at…
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The Federal Government on Tuesday said it was working on how to inject sanity into social media which it said was currently out of control. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this at a press…
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President of the Senate, Ahmad Lawan, on Monday, said that the Petroleum Industry Bill scheduled to be introduced by the National Assembly for consideration next year was not aimed at frustrating the operations of International Oil…
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The Nigerian National Petroleum Corporation, NNPC, said within the next 90 days, Nigerians would be able to know the actual volume of crude oil produced in the country, and the actual quantity of petroleum products imported the country. …
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The Securities and Exchange Commission (SEC) and Bureau of Public Enterprises (BPE) are in talks with the Nigeria National Petroleum Corporation (NNPC) on getting the corporation’s subsidiaries listed on the Nigerian Stock Exchange. …
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