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A French court has authorized the seizure of three jets belonging to Nigeria’s presidential fleet amid a legal dispute involving the Ogun State government and Zhongshan, a Chinese company. The dispute arose from the Ogun State…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the cost of buying 45,000 litres of a truck of fuel has risen from N9.6million to currently between N34 million and N36 million at the depots of…
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By Saidu Abubakar The Executive Secretary (ES) of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday visited the facilities of BEAMCO Nigeria Limited in Lagos, commending the oil and…
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As of August 13, 2024, the black market exchange rate for the dollar to naira at the Lagos Parallel Market (also known as the black market) is as follows: buyers are purchasing dollars at ₦1,593, while sellers are offering dollars at…
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There is a steady and sustained dispensation of disinformation about Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited. But, what did Kyari do to upset the apple cart? Is he a victim of…
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*Kyari Urges Military To Sustain Onslaught Against Crude Oil Theft The Nigerian National Petroleum Company Limited (NNPC Ltd) has said that 63 illegal refineries and 19 illegal pipelines connections were discovered in Bayelsa, Akwa…
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The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has revealed that each of the 109 senators in the National Assembly earns N1,063,860 million salary and allowances per month. RMAFC chairman, Mohammed Bello Shehu…
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By William Emmanuel Ukpoju President Bola Tinubu on Monday inaugurated 30 locally-manufactured Compressed Natural Gas (CNG)-powered buses with a combined passenger capacity of 3,000. The hybrid buses, donated by the Depot and…
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By Saidu Abubakar In furtherance of its long-standing support to African oil and gas producing countries and development of local content in the continent, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in…
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Nigeria’s crude oil production in July rose to 1.307 million barrels of crude oil daily. This is according to July’s monthly oil market report released by the Organisation of Petroleum Exporting Countries, OPEC. The figure showed…
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