September 05, 2022
Nigeria: Nigeria's Average Daily Petrol Supply Is 68 Million Litres, NNPC Clarifies
In response to the alleged inflation of petrol imports and consumption in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has insisted that average petrol supply in… Read more »
Nigeria: Why PIA Implementation Will Reduce Revenues to States, Local Govts By 15% - Kachikwu
A former Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has urged Nigerians to prepare for the immediate impact of the implementation of the Petroleum Industry Act… Read more »
September 02, 2022
Nigeria: Osinbajo Meets World Bank President in Washington, Seeks Support to End Petrol Subsidy, Others
The World Bank Group President, David Malpass yesterday met with Vice President, Prof.Yemi Osinbajo as part of efforts to seek the multilateral institution's support to end petrol… Read more »
September 01, 2022
Nigeria: Govt Misses Oil Revenue Target, Generated N799.10bn in Q1 - Central Bank
The Central Bank of Nigeria (CBN) yesterday disclosed that the country generated a total of N799.10 billion in crude oil sales in the first quarter of the year (Q1 2022). Read more »
August 30, 2022
Nigeria: NLNG Restates Commitment to Nigerian Content in Its Operations
The Nigeria Liquefied Natural Gas (NLNG) Limited has reiterated its commitment to ensuring that Nigerians benefit maximally from all its operations by going beyond mere compliance… Read more »
Nigeria: Nigeria's Naval Chief Disputes NNPCL, Petroleum Ministry's Oil Theft Figures
Nigeria's Chief of Naval Staff (CNS), Vice Admiral Awwal Gambo, yesterday disputed oil theft figures from the Nigerian National Petroleum Company Limited (NNPCL) and the ministry… Read more »
August 29, 2022
Nigeria: Reviving Oil Palm As Major Foreign Exchange Earner
The ban of crude palm oil and its derivatives exports by Indonesia, the world's largest supplier of the commodity, should be music to the ears of investors in that line of business… Read more »
Nigeria: Akwa Ibom Ex-Militants Threaten to Shut Down Oil Production Over Pipeline Contract
Ex-militants from Akwa Ibom State have threatened to shut down oil production in the state if the federal government refuses to revoke the N48 billion annual pipeline surveillance… Read more »
August 23, 2022
Nigeria: There's No Way Illegal Refineries Can Be Converted to Regular Facilities - Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, yesterday poured cold water on calls for the legalisation of… Read more »
August 19, 2022
Nigeria: Shell - Why We Halted Onshore Divestment
One of Nigeria's leading energy giants, Shell Petroleum Development Company of Nigeria Limited (SPDC) has disclosed that the Shell Group would not go ahead with the divestment of… Read more »
August 16, 2022
Nigeria: Oil Marketer Laments Fx Scarcity, Inadequate Delivery Ships On Product Marketing
Downstream oil and gas operator, Eterna Plc has lamented the effect of the intractable scarcity of foreign exchange (FX) and the inadequate number of delivery ships technically… Read more »
Nigeria: Nigerian Govt Raises Fresh Fraud Claims Against P&ID
Nigeria has levelled fresh claims of fraud against a little-known offshore firm, Process and Industrial Developments (P&ID), which earlier won an $11 billion arbitration award… Read more »
Nigeria: Amid Massive Under-Production, Nigeria Posts Record 9.4m Barrels Oil Loss to Shut-Ins, Others
Again, Nigeria has hit a new oil production loss record as a result of disruptions to its crude assets due to maintenance challenges, community issues and prolonged force majeure. Read more »
August 12, 2022
Nigeria: Anambra Govt Clears Air On Receipt of 13 Percent Oil Derivative
Anambra State Government has clarified the news of the receipt of its first 13 per cent oil revenue, as an oil-producing state in the country. Read more »
August 09, 2022
Nigeria: NESG to Govt - Take Tough Choices, Tackle Insecurity, Remove Petrol Subsidy Now
The Nigerian Economic Summit Group (NESG) has made a passionate appeal to President Muhamadu Buhari to utilise the remaining 10 months in his administration to make tough choices… Read more »
August 08, 2022
Nigeria: Buhari Okays Acquisition of Exxon Mobil Shares in U.S. By Seplat Energy
President Muhammadu Buhari has approved the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited. Read more »
August 07, 2022
Nigeria: No Respite for Nigeria As Oil Production Falls to 1.083 Million BPD in July
*Deficit exceeds 700,000bpd despite assurances of increased drilling Read more »
July 29, 2022
Nigeria: We Handed Over 70 Arrested Oil Vessels to EFCC, Says Navy
The Nigerian Navy at the resumed investigative hearing of the House of Representatives adhoc committee on fuel subsidy probe disclosed that it has handed over to the Economic and… Read more »
Nigeria: Shell Posts Record Quarterly Profit of $11.5bn, TotalEnergies $9bn
Shell has launched a $6 billion share buyback scheme after posting its best profit for a second consecutive quarter as high energy prices and refining margins generated bumper… Read more »
July 28, 2022
Nigeria: Oil Theft, Petrol Subsidy, Push Nigeria's Currency to N700/$1 in Parallel Market
The inability of Nigeria to take advantage of rising international oil prices due to massive oil theft, skyrocketing petrol subsidy which remains a drain on the economy as well… Read more »
Nigeria: Subsidy Probe - House Committee Demands Detailed Contract Agreement Between NNPC, Oil Companies
The House of Representatives ad-hoc Committee probing the subsidy regime from 2017 to 2022 has urged all companies that signed agreement with the Nigerian National Petroleum… Read more »
July 26, 2022
Nigeria: Renewing Nigerians' Hope in New NNPC
On Tuesday last week, Nigeria's national oil firm transitioned from a corporation to a limited liability company, marking a milestone after over 44 years of its establishment. In… Read more »
Nigeria: NNPC Offers Exit Package to Staff Willing to Leave Before Retirement Date
The Nigerian National Petroleum Company Limited (NNPCL) has offered workers willing to exit the firm before their due retirement a "tempting" package to facilitate their leaving… Read more »
April 12, 2006
Nigeria: Court Orders Shell to Stop Gas Flaring
A Benin High Court yesterday decided that Shell must stop gas flaring in the Iwherekan community in Delta State, by April 2007. Read more »