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The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N55.58 billion to subsidise Premium Motor Spirit, PMS, also known as petrol, in December 2019, according to data obtained, yesterday, from the…
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The Federal Government is looking to further develop marginal oil fields across the country through the establishment of modular refineries that can refine crude oil in smaller volumes. The Minister of State for Petroleum Resources,…
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Unknown gunmen suspected to be kidnappers attacked an Abuja bound train on Thursday. The train left the Rigassa station at about 10 am in Kaduna before it was attacked by the gunmen at Katari, about 70 kilometers from Abuja. The…
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For decades, most advanced refineries and petrochemical plants globally have been coming online in China, Saudi Arabia and India. These include world-scale projects such as Reliance Industry’s Jamnagar Refinery in India; the Zhanjiang…
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• Records 81% drop in vandalism The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.23 billion in October 2019, representing an increase of 54 per cent vis-à-vis the ₦8.59billion surplus posted in…
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The Minister of State for Petroleum Resources, Timipre Sylva, said on Wednesday the review of the Petroleum Industry Bill (PIB) is now at an advanced stage and the bill would be passed by the middle of this year. Sylva stated this in a…
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On 18th December 2019, Minister of State for Petroleum Resources, Chief Timipre Sylva, briefed the State House Correspondents as regards the country’s petroleum industry immediately after the weekly Federal Executive Council (FEC) meeting,…
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The Rivers State Taskforce on Illegal Motor-parks and Street Trading has announced that it will clamp down on petrol tankers and other heavy duty trucks parked indiscriminately on the roads anywhere in the state from 2020. Chairman of…
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…says he was involved in P&ID, Halliburton scandals …as vacation Judge returns case-file to CJ Mohammed Bello Adoke, Ex-AGF The Economic and Financial Crimes Commission, EFCC, on Tuesday, adduced reasons why the immediate past…
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The Oil Industry has always been a big deal in Nigeria. The industry is the undisputed major source of Nigeria's income. Although, the government is planning to invest in Agriculture and Tourism, they are still not a match for petroleum.…
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