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A Federal High Court in Lagos on Wednesday directed the Nigerian National Petroleum Corporation (NNPC), Ministry Of Petroleum Resources and National Petroleum Investment & Management Respondent Services (NAPIMS) from allocating…
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The Nigeria Governors’ Forum (NGF) says it will meet with organised labour unions on how best to address the removal of petrol subsidy. Speculations that the price of petrol will be increased have stirred up reactions among…
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There are indications that price of The average retail price of Automotive Gas Oil (diesel) is on steady rise reaching N343 per litre as at Wednesday, representing 18.5 per cent rise when compared with the National Bureau of Statistics…
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The Senate Committee on Petroleum Resources (Upstream) says it will ensure that every single provision enshrined in the Petroleum Industry Act (PIA) is followed to logical conclusion without any form of ambiguity. The committee said…
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Nigeria go into the knockout stages of the ongoing Africa Cup of Nations full of confidence after a 2-0 win over Guinea-Bissau kept their perfect run going. Umar Sadiq’s second-half strike put his side in front, before…
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Oil marketers, under the aegis of Association of Tank Farm Oil and Gas Marketers of Nigeria (ATOGMAN), have commended Governor Nyesom Wike of Rivers State for taking action against illegal refineries and oil bunkering. Wike had…
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"However, on a monthly basis, consumer prices increased by 1.08 per cent, following a 0.98 per cent increase the previous month" With a daily underperformance figure of 78,000 barrels per day in December, Nigeria lost as much as…
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Nigeria’s Senate President on Tuesday said President Muhammadu Buhari had not directed anyone in his government to implement the removal of petroleum subsidy. Lawan, who spoke with newsmen after a closed-door meeting with Buhari at…
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The House of Representatives has called for investigation of the proliferation of illegal refineries in the Niger Delta region, especially with the alleged involvement of men of the Nigeria Police Force, Nigerian Security and Civil…
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*The OPEC Reference Basket of Crudes (ORB), introduced on June 16, 2005 is currently made up of the Saharan Blend (Algeria), Girassol (Angola), Bonny Light (Nigeria), Djeno (Congo) and Zafiro (Equatorial Guinea) The price of the…
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