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The Nigerian Gas Association has concluded arrangements to hold its forthcoming Business Forum and Annual General Meeting (AGM), with focus on the need for Nigeria to efficiently leverage the strategic role which its gas reserves play in…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on Department of Petroleum Resources (DPR) to sanction depot owners selling petrol above ex-depot price of N133.28K per litre. Debo Ahmed, Chairman, IPMAN…
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Nigeria’s Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, has been re-elected the President of the African Petroleum Producers’ Organisation, APPO, for the year 2019, as Nigeria is appointed Joint Ministerial Monitoring…
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United States’ sanctions against Iran and Venezuela, fighting in Libya and production cuts led by the Organisation of Petroleum Exporting Countries (OPEC) yesterday pushed crude oil price to a five-month high of $70 per barrel, as…
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Between 2008 and 2017, Nigeria lost a total of N205.4 billion worth of petroleum products to vandals who hacked into petroleum products pipelines of the Nigerian National Petroleum Corporation (NNPC), a report from the state-run oil…
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Femi Otedola, the billionaire businessman, has offered to foot the medical bills of Christian Chukwu, former Super Eagles’ coach, according to reports. Chukwu, one of Nigeria’s most influential footballers in history who captained the…
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The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies were not stopping there and were aiming to reduce this…
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-By Yange Ikyaa Momas Electricity Meter Manufacturing Company Limited has said that the directive by the Nigerian Electricity Regulatory Commission (NERC) to meter manufacturers to begin the roll out of new meters by May 1 is not…
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The Federal Government has sealed a $523,823 (N185.95m) technical assistant financing pact with the Islamic Development Bank for Nigeria’s textile industry and the funding of the National Hajj Commission. The agreement was confirmed on…
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Out of 390 oil blocks in the country, 211 are yet to be allocated by the Federal Government, latest data obtained from the Department of Petroleum Resources have shown. With many other countries extending efforts to ramp up their oil…
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