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• Experts advance reasons for oil theft as nation lost $55b in 10 yrs• EFCC, Navy talk tough on pipeline vandalism Nigerians living far from petroleum depots or in mountainous and riverine communities may be burdened with high price of…
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The Nigerian National Petroleum Corporation (NNPC) has explained the recent staff movements in the Corporation, saying it was normal replacement and backfill exercise to bridge the gap occasioned by impending retirement of some management…
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The Minister of State For Petroleum Resources, Dr. Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price…
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Nigeria’s daily crude oil output is about to be 240,000 barrels per day short as the second largest export pipeline network; the Trans-Forcados Pipeline (TFP) went on flame late Sunday. The Nation could not immediately ascertain the…
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Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, their main partner in…
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…Urge FG to urgently review Discos’ performance Electricity workers in the country, under the aegis of the Nigerian Union of Electricity Employees, NUEE, have faulted Federal Government’s privatisation of the nation’s power sector,…
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The Nigerian National Petroleum Corporation has said that it cannot sell Premium Motor Spirit, popularly called petrol, at a loss, regardless of the demands of oil marketers, as it buys the commodity at N116.28 per litre. NNPC disclosed…
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Minister of State for Petroleum Resources, Ibe Kachikwu, and other critical stakeholders have urged the Federal Government to sell the nation’s moribund refineries to interested local and foreign investors. The minister and other…
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There has been a massive reorganisation of the top management staff of the Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been removed or replaced. It was learnt…
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The FIFA U20 20 world cup would soon get on the way and the Flying Eagles of Nigeria would be flying one of the flags for Africa at this major tournament and the title has eluded the Flying Eagles since the inception of the tournament,…
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