May 15, 2023
Nigeria: NNPC, Security Arrest 6 Vandals With 700 Oil Barrels
The Nigerian National Petroleum Company Limited (NNPC) and its security partners have arrested six suspected oil vandals with 700 barrels of illegally extracted crude oil in Delta… Read more »
April 27, 2023
Nigeria: The Making of Billionaires in Oil-Rich Nigeria - Who Is Powering Their Rise?
In periods of oil prices hovering around $100 per barrel, Nigeria scoops approximately $200 million per day in revenues from the global oil market. Who are the major beneficiaries… Read more »
April 14, 2023
Nigeria: Govt Spent N13trn On Subsidies in 16 Years, Thieves Stole N16trn Oil - NEITI
Nigeria has spent over N13 trillion or $74 billion on fuel subsidies in 16 years, which is between 2005 and 2021. Read more »
April 13, 2023
Nigeria: African Airlines Suffer N1.6trn Loss Over Fuel Costs, Taxes - IATA
African carriers suffered cumulative losses of about $3.5 billion (about N1.625 trillion) over the past three years, a deficit that's set to persist as restrictive fuel costs and… Read more »
April 06, 2023
Nigeria: NNPC Failed to Account for N102bn Oil Delivery to Refineries - Report
The Nigerian National Petroleum Corporation has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102bn, according to a Senate report. Read more »
Nigeria: Is Nigeria's Official Petrol Pump Price Still Official?
Nigeria churns out roughly two million barrels of crude oil a day, making it Africa's top producer and the world's 13th. But still, because of its feeble domestic refineries,… Read more »
April 05, 2023
Nigeria: Subsidy Removal - Govt Secures $800m From World Bank As Palliatives for Poor Nigerians
The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme as part of palliatives to cushion the negative effects… Read more »
March 30, 2023
Nigeria: 244 Tankers, Oil Station Incidents Killed 412 People in 5 Years - NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised concerns as 412 fatalities occurred in 244 incidents involving tankers and filling stations… Read more »
March 13, 2023
Nigeria: 48 Days After, Buhari's Committee Fails to End Petrol Scarcity
Forty-eight days after, a 14-man steering committee constituted to tackle petrol supply hurdles and regulate the price of the product, under the chairmanship of President Muhammadu… Read more »
March 04, 2023
Nigeria: Govt Probes Explosion at Shell's Pipeline in Rivers
The National Oil Spills Detection and Response Agency (NOSDRA) says an investigation into Friday's explosion at the Rumuekpe section of the Trans Niger Pipeline (TNP) in Rivers is… Read more »
February 21, 2023
Nigeria: NNPC Says 1.8bn Litres of Petrol Available for Feb, March
NNPC Limited has said it has 1.8 billion litres of petrol to last for February and March. Read more »
February 15, 2023
Nigeria: More Oil Discovery in Obi, As NNPC, Nasarawa Govt Sign MOU
The Nigerian National Petroleum Corporation Limited (NNPCL) will on February 18 sign a Memorandum of Understanding (MoU) with the Nasarawa State government signaling the… Read more »
February 09, 2023
Nigeria: Petrol Price Hike - Govt Orders NMDPRA to Sanction Filling Stations
The federal government has linked the increasing rise in the price of petrol in the country to the action of petroleum marketers who are in a hurry to make illicit profits from the… Read more »
November 01, 2022
Nigeria: Academy of International Affairs Calls for Judicial Inquiry On Oil Thefts
The Academy of International Affairs has urged the federal government to institute a judicial board of inquiry on oil thefts to identify those behind the stealing of crude oil and… Read more »
October 28, 2022
Nigeria: NNPC, Daewoo Group Sign MOU for Kaduna Refinery Rehabilitation
The Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea have signed a Memorandum of Understanding (MoU) for the rehabilitation of the Kaduna refinery. Read more »
October 27, 2022
Nigeria: Petrol Scarcity Worsens in Lagos, Abuja, Kano As Marketers Blame Depot Price Hike
The scarcity of petrol is said to be worsening in Lagos, Abuja, Kano and across other states with marketers blaming an increase in the private depot price and a cut in supply at… Read more »
October 26, 2022
Nigeria: Fuel Scarcity Worsens in Lagos As Filling Stations Shut Down
Many motorists, both private and commercial operators, in Lagos, Nigeria's commercial capital, have decried the fuel shortage across the state which has worsened in the last two… Read more »
October 24, 2022
Nigeria: Why Petrol Is Still Scarce in Abuja After Lokoja Flood - IPMAN
President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Debo Ahmed, says petrol is still scarce in the Federal Capital Territory (FCT) and its environs even… Read more »
October 20, 2022
Nigeria: Kogi Becomes First Northern Oil Producing State to Get Derivation Allocation
Kogi State has received its first derivation allocation as an oil-producing state, making it the first northern state to enjoy such privilege in the country. Read more »
October 19, 2022
Nigeria: Nigeria, Opec Countries Back 2m Barrel Crude Oil Cut
The Minister of State Petroleum Resources, Timipre Sylva, yesterday said Nigeria was part of the decision by the Organisation of Petroleum Exporting Countries (OPEC) to cut 2… Read more »
October 18, 2022
Nigeria: Petrol Scarcity Yet To End In Abuja As Gridlock Persists In Lokoja
The scarcity of petrol is yet to end in Abuja just as some tanker drivers blame persistent gridlock in Lokoja, Kogi State. Read more »
October 14, 2022
Nigeria: Non-Oil Sector Remains Only Solution to Economic Transformation - Yakusak
The Nigerian Export Promotion Council (NEPC) says the non-oil sector remains the only viable option available to the government at all levels in driving economic growth. Read more »
Nigeria: Dangote's 650,000bpd Refinery 97 Percent Completed, Says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery is now 97 percent completed. Read more »
October 13, 2022
Nigeria: Nigeria's Oil Production Continues Slump Amid Onshore Shutdown
Nigeria's oil output continued to fall in September as some onshore production ground almost to a halt, according to government data. Read more »
October 12, 2022
Nigeria: Shell to Resume Crude Oil Exports At Forcados Terminal
Shell Petroleum Development Company of Nigeria Ltd. (SPDC) says it will resume crude oil exports from the Forcados Oil Terminal by October end when on-going repairs would have been… Read more »