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The federal government announced plans to boost Nigeria’s Compressed Natural Gas (CNG) conversion by 733 per cent, aiming to reach 250,000 conversions by June 2025, up from 30,000 in October 2024. This initiative, known as the…
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A chieftain of the New Nigeria People’s Party, (NNPP), Ambassador Olufemi Ajadi Oguntoyinbo has expressed concern over the recent report of the Nigerian Midstream and Downstream Product Regulatory Authority (NMDPRA), which stated that…
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Indications have emerged that the Nigerian National Petroleum Company (NNPC) Limited has commenced the process of paying the $6.8 billion debt owed to suppliers. Wale Edun, the Minister Of Finance And Coordinating Minister Of The…
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Nigeria’s state hydrocarbon company NNPC Ltd’s three refinery complexes, currently undergoing turn around maintenance (TAM), will not be producing diesel with sulphur content less than 1,500parts per million (1,500ppm) when they are…
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The International Monetary Fund (IMF) has projected Nigeria’s economy to expand by 3.2% in the coming year 2025 while inflation is estimated to drop to 25% in the same year. The Fund in its recently published World Economic Outlook…
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By Saidu Abubakar A team of linesmen from the Transmission Company of Nigeria, TCN, has discovered fault on the Ugwuaji – Apir 330kV Double Circuit transmission line, at about 5pm yesterday in the Igumale area of Bunue State. The…
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Dangote Petroleum Refinery and Petrochemicals FZE has sought the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Company Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano…
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The federal government has announced the approval of ExxonMobil’s $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant milestone in the transaction first announced in February 2022. The deal is…
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Chevron Nigeria Limited has found a new oil field in the shallow offshore area of the Western Niger Delta. The new oil field was estimated to hold 17,000 barrels of oil per day. Chevron, one of Nigeria’s biggest oil producers, works…
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Adegbolagun The Centre For Righteous Living (CRIL), a faith-based non-governmental organisation (NGO) in Nigeria, has called on the Federal Government to come out clean and clearly explain the situation of the petroleum sector and its…
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