February 21, 2023
Nigeria: Petroleum Minister, Regulatory Body Disagree on Cause of Crude Oil Losses
The Minister of State Petroleum Resources, Timipre Sylva, has faulted claims by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, that inaccurate measurement was… Read more »
February 19, 2023
Nigeria: Delta 2023 - Omo-Agege, Retirees and the Pipeline Surveillance Money for Youths
Delta State All Progressives Congress (APC) governorship candidate, Senator Ovie Omo-Agege, is taking advantage of old men and women on whom he is now playing pranks. Some days… Read more »
February 18, 2023
Nigeria: Petrol Price - Benue Govt to Clampdown On Erring Filling Stations
The Benue State government has threatened to clampdown on petrol stations in the state that have shunned the Federal Government's directive to dispense Premium Motor Spirit, PMS,… Read more »
February 09, 2023
Nigeria: Troops Destroy 40 Illegal Refinery Sites, 136 Storage Facilities in Niger Delta
... Arrest 53 suspected oil thieves, deny then stolen products worth N128.26m Read more »
February 01, 2023
Nigeria: Govt Cracks Down On Petrol Marketers, Orders End to Smuggling
The Federal Government yesterday read the riot act to petrol marketers, directing them to end all petrol smuggling out of the country or face stiff action from security operatives. Read more »
January 31, 2023
Nigeria: NNPCL Seals Deal With Addax, Takes Over Oil Blocks
NNPC Limited Tuesday officially took over OMLs 123/124 & 126/137, operated by Addax Petroleum Development (Nigeria) Limited after concluding all transaction obligations. Read more »
January 26, 2023
Nigeria: Fuel Scarcity Lingers As States Betray Local Governments
DESPONDENT. That word pretty much describes the state of my mind for weeks now, given the prevailing situation in our country. There is scarcity of petrol, which has endured for… Read more »
January 25, 2023
Nigeria: Nigeria to Spend N6trn On Fuel Subsidy This Year - El-Rufai
Governor Nasir El- Rufa'i of Kaduna State said yesterday that Nigeria planned to spend N6 trillion on fuel subsidy for six months, N4 trillion to subsidize the naira and N300… Read more »
January 23, 2023
Nigeria: Govt's 8% Petrol Price Hike Fails to Ease Supply Shortages
The Federal Government's decision to increase the pump price of premium motor spirit (petrol) by N15 per litre (8 percent) from N180 to N195 has failed to ease supply… Read more »
January 19, 2023
Nigeria: Fuel Queues - Lagos Moves to Regulate Activities of Petroleum Marketers
Lagos State Government has begun the move to regulate the activities of major and independent petroleum marketers operating along major roads and traffic-prone areas within the… Read more »
Nigeria: Gradual Removal of Petrol Subsidy Starts April - Govt
The Federal Government may begin a gradual removal of the petrol subsidy from April 2023, about three months ahead of the initial plan to effect a complete stop to the expenditure… Read more »
January 17, 2023
Nigeria: Lingering Fuel Scarcity, Shameful - NECA, MAN, NACCIMA, Others
Members of the Organised Private Sector of Nigeria, OPSN, have described the lingering fuel scarcity in Nigeria as a shame, saying a situation where a subsidised product of N165 a… Read more »
January 16, 2023
Nigeria: Int'l Borders - Adeola Decries Restriction of Fuel Stations to 20km
Chairman, Senate Committee on Finance, Senator Solomon Adeola, weekend, decried the untold hardship and economic loss occasioned by the Federal Government's policy of banning fuel… Read more »
December 30, 2022
Nigeria: Whistleblower's Information - Reps Vow to Unearth Facts in Alleged Illegal Crude Oil Exports
The Chairman House of Representatives ad hoc committee investigating all crude oil exports from 2014 till date as well as the illegal sale of 48 million barrels of Nigeria's Bonny… Read more »
December 29, 2022
Nigeria: IPMAN Raises Hope of End to Fuel Supply Crises
The President of the Independent Petroleum Association of Nigeria, IPMAN, Mr. Chinedu Okoronkwo, has blamed the persisting crises in the distribution of Premium Motor Spirit, PMS,… Read more »
December 23, 2022
Nigeria: Tanker Explosion Guts Property Worth Millions of Naira in Aba
A tanker, laden with diesel, exploded along Aba-Owerri road, in Aba, Abia State, destroying property worth several millions of Naira. Read more »
December 21, 2022
Africa: IMF to African Oil Exporters - Create Fiscal Buffers Now
The International Monetary Fund, (IMF) has advised oil exporting countries in Africa to, as a matter of urgency, create fiscal buffers, against possible future oil price falls. Read more »
December 20, 2022
Nigeria: PMs Distribution - Association Highlights Challenges, Decry High Diesel Cost
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA ) says scarcity and high price of Premium Motor Spirit (PMS) are caused by many challenges especially high price of… Read more »
December 19, 2022
Nigeria: Refining Crude Oil in Ph Refinery 'Ll Reduce Pump Price - Nogasa
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA ) says resupmtion of crude oil refining in the Port Harcourt Refinery Company will reduce pump price. Read more »
December 18, 2022
Nigeria: Fuel Scarcity Bites Harder, Cripples Socio-Economic Activities in Kebbi
The lingering fuel scarcity is biting harder in Kebbi crippling soci-economic activities, the News Agency of Nigeria (NAN) reports. Read more »
December 15, 2022
Nigeria: Petrol - We're Working to End Shortage - Marketers
OIL marketers, yesterday, said they were working toward ending petrol shortage in Abuja, Lagos and other parts of the nation. Read more »
December 13, 2022
Nigeria: Govt's Oil Theft Panel
The Federal Government has, at last, yielded to calls by well-meaning Nigerians to investigate the crude oil theft which has left our economy haggard, despite the oil boom that… Read more »
Nigeria: Transport Fares Hit Rooftop As Fuel Shortage Lingers in Lagos, Environs
-DSS threat won't change anything, cabal must be handled -- PETROAN Read more »
December 12, 2022
Nigeria: How OPEC's Plus Doc Stabilised Oil Market in 6 Years - SEC Gen
Organisation of Petroleum Exporting Countries, OPEC, has hailed the agreement it reached with other oil exporting countries which resulted in the Document of Cooperation six years… Read more »
December 08, 2022
Nigeria: Fuel Scarcity - DSS Gives Dealers 48 Hours to Stop Scarcity or Face Govt's Wrath
Angered by the lingering petrol scarcity in the country, the Department of State Services has ordered all the entities in Nigeria involved in the distribution process to make… Read more »