Fuel Scarcity: NNPC Begins Direct Supply of Petrol to IPMAN
By Yange Ikyaa
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the management of the Nigerian National Petroleum Company (NNPC) Limited has allocated petrol to its members directly to ease scarcity.
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Saudi Arabia Demonstrates Capacity to Shift Away from Oil, Become Tech Hub
By Yange Ikyaa
The Kingdom of Saudi Arabia has demonstrated its resolve to use mass technological adoption as the principal strategic economic resource to shift away from oil and become a regional hub for both traditional and!-->!-->!-->!-->!-->…
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FG Warns Against Attempts to Disrupt Fuel Supply
By Adaobi Rhema Oguejiofor
The Federal Government on Tuesday warned against attempts to interrupt the country's fuel supply and distribution value chain.
Timipre Sylva, the Minister of State for Petroleum Resources, gavethis!-->!-->!-->!-->!-->!-->!-->…
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Nigeria will Spend N4.2trn on Fuel Subsidy Obligations in 2023 – Kyari
By Moses Patience Chat
Mallam Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited has said that Nigeria will need to spend N4.2 trillion in order to meet fuel subsidy!-->!-->!-->!-->!-->…
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IPMAN Withdraws Order to Suspend Operations
By Adaobi Rhema Oguejiofor
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday said it has withdrawn the “suspension of operation” directive that it previously issued to its members.
Chief Chinedu!-->!-->!-->!-->!-->!-->!-->…
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FEC approves Award of Contract for Oloibiri Museum & Research Center
…Project to kick off Q1 2023, finish in 30 months
Sixty-six years after the discovery of crude oil in commercial quantities at Oloibiri, Bayelsa State by Shell D’Arcy, the Federal Government through the Federal Executive Council!-->!-->!-->!-->!-->…
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GE to increase Nigeria’s electricity generation capacity by 500MW
By Moses Patience Chat
The management of multinational power company operating in Nigeria, General Electric (GE) Limited, has announced that it is working on increasing Nigeria’s electricity generation capacity by 500 megawatts!-->!-->!-->!-->!-->…
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Oliserv to Complete AKK Pipeline Before End of 2023
By Adaobi Rhema Oguejiofor
Emeka Okwuosa, the Chairman and Group Chief Executive Officer of Oliserv Limited, the company in charge of executing the Ajeokuta-Kano-Kaduna (AKK) gas pipeline project, has said that the project remains!-->!-->!-->!-->!-->…
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Nigeria Loses N500bn to Low Crude Oil Production
By Moses Patience Chat
Nigeria has lost a revenue of N500 billion in January 2023 as a result of low crude oil production.
Valuechain findings show that the country was not able to reach the production quota of 1.79 million!-->!-->!-->!-->!-->!-->!-->…
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FG introduces Two New Regulations to Halt Oil Theft
By Adaobi Rhema Oguejiofor
The Federal Government has disclosed that three important regulations have been introduced to help improve Nigeria's revenue from crude oil production.
This was revealed on Monday at a stakeholder!-->!-->!-->!-->!-->!-->!-->…
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