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The latest metering statistics from the Nigerian Electricity Management Services Agency has put the metering gap in the power sector at 5,323,433. NEMSA, in its 2018 metering statistics for Nigeria, said the total customer base in the…
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The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs). The government said the…
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Crude oil production from Nigeria increased the most last month among its peers in the 14-member Organisation of Petroleum Exporting Countries. OPEC, in its latest Monthly Oil Market Report for January, put Nigeria’s output at 1.797…
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THE Major Oil Marketers Association of Nigeria (MOMAN) has said it is not thinking or considering resumption of petroleum products importation at the moment because the regulatory environment is not profit driven. It also observed that…
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The proposed construction of a new refinery in Katsina state has failed to take off one year after agreement for the project was reached between Nigeria and Republic of Niger, Daily Trust reports. Officials familiar with the project…
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The downstream sector of the Nigerian oil and gas industry is in desperate need of reform as unresolved challenges continue to dampen private sector players' appetite to invest further. The recent announcement by the Chairman of Forte…
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The House of Representatives on Thursday said it would investigate the Minister of State for Petroleum Resources, Ibe Kachikwu, over alleged irregularities in the ongoing oil and gas lease renewal. The lawmakers said they would…
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DANGOTE Petroleum Refinery will create $11billion per annum market for Nigerian crude because it is designed for 100 per cent Nigerian crude with flexibility to process others and it will meet 100 per cent daily Nigerian consumption of all…
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The Nigerian crude market remained strong on yesterday, with sellers feeling confident enough to offer Bonny Light and Qua Iboe around their highest in over four years, while Angola continued to trade at a brisk clip. Shortages of…
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Concerted efforts by the Management of the NNPC and security agencies to combat the menace of oil theft and pipeline vandalism received a major boost with the capture of Shuaibu Ogunmola. He is an alleged notorious oil pipeline…
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