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Nigeria loses about 42.25 million barrels of the nation’s crude oil worth N1.4 trillion ($3.5 billion) yearly to a few described as “elites”. Mele Kyari, Group Managing Director Nigerian National Petroleum Corporation NNPC revealed…
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The Nigerian National Petroleum Company, NNPC has advised the general public not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol. The NNPC, in a statement said it has over 1.7 billion litres of…
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*Many petrol stations in cities across Kano state have reportedly shut down over a possible increase in fuel prices *The incident has rendered many of the motorists and passengers moving from one point in the state to another…
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“Today, as we all know, we are energy deficient, we have challenge in electricity supply and even many other infrastructure”  Nigeria has stepped into the global Liquefied Natural Gas (LNG) market for the first time in 22 years,…
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The Independent Petroleum Producers Group, IPPG, has lamented rising crude oil theft from its assets which is significantly threatening its huge investments currently put at over $10 billion. Chairman of the Group, Abdulrasaq Isa,…
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Queues resurfaced at fuel stations in parts of Abuja on Friday, prompting the Federal Government to warn depot owners to desist from raising the price of Premium Motor Spirit (petrol) above the approved rate. The queues reappeared…
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The Borno and Yobe state chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at the weekend lamented on the inability of the Federal Government to pay the N6 billion outstanding bridging claims by the…
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“The CEO therefore, cautions marketers against hoarding and engaging in unwholesome practices that are inimical to the smooth supply of Petroleum” •Warns Marketers against price hike, hoarding The Nigerian Midstream and…
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By Teddy Nwanunobi The House of Representatives has commenced a probe of the Nigerian National Petroleum Corporation’s (NNPC) $163 billion Joint Venture (JV) operations with oil companies. Saddled with the investigation, the…
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“Today the decision was reiterated to maintain current parameters which were decided on earlier" By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries (OPEC) and its oil-producing allies have agreed to continue…
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