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Lokpobiri The State Minister of Oil, Heineken Lokpobiri, has insisted that the country is producing 1.7 million barrels of crude oil daily including condensates. Lokpobiri made this disclosure during a keynote speech at an energy…
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*Stakeholders push for increased IGRs Tougher times await federal, states and local governments as subsidy on premium motor spirit (PMS) is set to erode over N7.7 trillion from the Federal Allocation Account by December this year.…
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A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS/Afolabi Sotunde Nigerian authorities are facing a resurgence of petrol smuggling as price disparities…
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•Transport fares rise by over 200%•Transporters lament impact on business•Nigeria becoming failed state — PENGASSAN The prolonged petrol scarcity worsened in Lagos, Ogun and other states, yesterday, as independent marketers started…
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Chief Ejidike By Saidu Abubakar Following another woeful performance and outing of Nigerian contingents to the just concluded Paris Olympic 2024, the Nigerian Pillar of Sports, Chief Donatus Agu Ejidike, JP, has called for total…
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Farouk Ahmed, CEO of the Nigerian Midstream & Downstream Petroleum Regulatory Authority, has joined AEW: Invest in African Energy 2024 to showcase Nigeria’s regulatory progress and major midstream and downstream infrastructure…
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In a move that has captured the attention of international observers and economists, Burkina Faso’s President Ibrahim Traore has made the decision to decline financial assistance from the International Monetary Fund (IMF). This…
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Former Minister of Education, Dr. Oby Ezekwesili, has criticized President Bola Ahmed Tinubu’s removal of fuel subsidy, asserting that it is insufficient without comprehensive reforms in the petroleum sector. During an interview on…
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The Nigerian National Petroleum Corporation (NNPC) Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPC’s vice-president (downstream),…
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Fresh facts have emerged on the dirty undercurrents in the export of crude oil in the Upstream sector at a colossal loss in taxes to the Federal Government by a Nigerian company Matrix Energy Group which has strong ties with top guns…
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