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Nigeria could be spending as much as N1.86 billion on subsidy daily going by the current landing cost of petrol which is N180 per litre, TheCable Petrobarometer can report. Speaking on NTA’s Good Morning Nigeria show, Ibe Kachikwu, the…
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The Nigerian National Petroleum Corporation (NNPC), has commended Oilserv Limitted, for iplaying a major role in the oil and gas industry since her inception in 1992. The NNPC said the company has contributed immensely to the…
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The High Court of the Federal Capital Territory in Jabi, Abuja on Wednesday, ordered the arrest of the immediate-past Attorney-General of the Federation, Mr. Mohammed Adoke, a former Minister of Petroleum Resources, Dan Etete, and four…
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Stakeholders in the Nigeria’s oil and gas sector yesterday lamented that Nigeria was ill-prepared to turn its abundant gas reserves to economic fortunes for Nigerians. They disclosed this at the 2019 Business Forum and 20th Annual…
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There is an indication that Nigeria has lost the sum of $3.5 billion to gas flaring in five years between January 2014 to April 2019 in nine states of Rivers, Kaduna, Imo, Edo, Delta, Bayelsa, Anambra, AkwaIbom and Abia. This is even as…
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A New York-based Natural Resource Governance Institute (NRGI) yesterday stated that the financial reports of the Nigerian National Petroleum Corporation (NNPC) do not contain systematic financial information that would enable the federal…
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The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s effort to reduce debt owed to its foreign oil partners is progressing well and helping the country to bolster exploration and production. NNPC’s Group Managing…
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•‘Attempt to remove subsidy must be well-managed’ The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said…
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The minister of state for petroleum resources, Ibe Kachikwu, yesterday in Lagos, said queues at filling stations has nothing to do with petrol supply scarcity but as a result of logistics challenges and urged the public to ignore rumours…
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The Nigerian National Petroleum Corporation (NNPC),yesterday says it has fast-tracked contracting cycle for Upstream operations from 24 months to 9 months with a strong promise to further reduce the process to less than six months in the…
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