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"the belief that the pump price of petrol might reduce in the country with local refining stands elusive"The Nigerian National Petroleum Corporation (NNPC) has spent about N364 billion transporting Premium Motor Spirit (popularly…
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The leadership of the National Union of Petroleum Tanker Drivers (NUPENG) have agreed to lift the sanction the imposed on the entire South East region, following its disagreement and disagreent over parking space at the Onitsha bridge…
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-By Saidu Abubakar & Danlami Nasir Isah
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...Plans roadshow to showcase initiatives -By Saidu AbubakarConsidering that the university community represents a key constituency in the implementation of Research and Development initiatives, the Executive Secretary of the…
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*Launches $50m R&D Fund By Saidu AbubakarMinister of State for Petroleum Resources, Chief Timipre Sylva has admonished underfunding of R&D as being reflective on Nigeria's overdependence on foreign goods and services,…
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The Department of Petroleum Resources (DPR) has said that optimising Nigeria’s oil production processes remains a critical factor in the nation’s economic recovery drive and getting the full benefits of the country’s resources.A…
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*Attracts over N255bn local investments By Teddy NwanunobiThe Oil and Gas Free Trade Zones Authority (OGFZA) has disclosed that it attracted $16.6 billion foreign direct investments into the nation’s economy, between 2001 and…
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The decline was mainly attributed to the issues at Forcados, which slumped to 95,694 bpd in August from 218,196 bpd in July By Teddy Nwanunobi (with agency report)Nigeria’s crude oil production, according to an S&P Global…
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By Saidu AbubakarThe Minister of State for Petroleum Resources, Chief Timipre Sylva, on Thursday, formally launched a $50 million research and development fund, known as the Nigerian Content Research and Development Fund…
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Following up on President Muhammadu Buhari’s recent announcement of the declaration of two hundred and eighty seven billion Naira (N287bn) Profit After Tax (PAT) in year 2020 by the Nigerian National Petroleum Corporation (NNPC),…
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