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Nigeria increased its official selling price (OSP) for major crude grades on perked-up demand, especially in Northwest Europe, as preliminary loading programmes for August were expected shortly. NIGERIA * Nigeria’s NNPC on Thursday…
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Nigeria is set to export highest volume of crude oil to Europe in June following production outages being experienced by producers in the UK’s North Sea oilfields, according to oil traders. This is coming as the Organisation of…
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The Nigerian National Petroleum Corporation, NNPC, Fiday, said it has maintained its lead as the largest supplier of gas to the nation’s power sector. In a statement in Abuja, Group Managing Director of the NNPC, Dr. Maikanti Baru,…
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No fewer than 14 local, regional and international oil companies that bid for the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) contract have emerged successful, PREMIUM TIMES learnt. Although many of the companies…
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Economic activities in Rivers State are set to be on the upswing as Shell operated oil production facility, OML 25 would be reopened two years after it was forcefully shut down by irate community folks in Opu-Kula and Ibiame in…
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Muhammad Sanusi, Emir of Kano has said President Muhammadu Buhari must stop the petroleum subsidy regime in order to rescue our economy from total collapse. Speaking at a workshop at the office of the accountant-general of the…
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President Muhammadu Buhari has appointed Dr Thomas John as Acting Alternate Chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board. According to a statement by the Group Managing Director, Dr Maikanti Baru, Dr…
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The President of the Senate, Dr. Ahmad Lawan, has said that there was nothing like jumbo salary for National Assembly members as being speculated in some quarters. Lawan made the disclosure, when members of the Senators’ Forum paid him…
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The President of the Senate, Dr. Ahmad Lawan, says the National Assembly is planning a separate budget for adequate funding of the 36 commands of Nigeria Police. Lawan said the move was to enable officers and men of the police force…
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The federal government has appointed Mr. Ahmad Rufai Shakur as the acting Director of Department of Petroleum Resources (DPR). The appointment followed the expiration of the four year tenure of Mr. Mordecai Ladan and in line with the…
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