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Gas flaring in Nigeria during the first half of 2024 could have powered over 3 million homes, and the estimated cost is $360 million.Despite an installed power capacity of 13,014.14MW, Nigeria operates only around 4,000MW, leaving…
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Petroleum Oil marketers in Nigeria have attributed the current fuel scarcity in the country to the lingering logistics challenges.The President of Petroleum Products Retail Outlets Owners Association, PETROAN, Billy…
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GCEO, NNPC,, Mele KyariThe Chief Executive Officer of Cowry Assets Management Ltd, Jonhson Chukwu has said that the dividend and taxes paid by the Nigerian National Petroleum Company Ltd will reduce the financial burden of the federal…
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The Chief Financial Officer (CFO), of the Nigeria National Petroleum Company Ltd (NNPCL), Alhaji Umar Ajiya has disclosed that the government pays the company to sell PMS at half price of the landing cost- what he calls shortfall.…
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The Nigerian National Petroleum Company Limited (NNPC) has announced a new date for the commercial commencement of the Port Harcourt Refinery, with operations set to begin in September 2024.Umar Ajiya, Chief Financial Officer of NNPC,…
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By William Emmanuel UkpojuThe cost of fuel is a crucial aspect of a nation's economy, affecting everything from household expenses to transportation and goods production. In Nigeria, the price of Premium Motor Spirit (Petrol) has…
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*The decision by African countries to import US crude oil is to bridge the gap when there's a shortfall in production and high demand for oilDespite the massive stash of natural resources in Africa – from oil and cobalt to…
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Anti-pipeline Vandalisation/Oil Theft Task Force comprising ex-militant leaders drawn from crude oil producing communities in the six states of the Niger Delta region have accused some unpatriotic petroleum marketers of being engaged…
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There have been controversies on the sale of crude oil to Dangote refinery, with claims of sabotaging of the refinery operations.The President Bola Tinubu-led Nigerian government has announced that the sale of Crude Oil to Dangote…
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Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele allegedly spent N18 billion to print just N1 billion worth of banknotes, a fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed.The…
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