August 19, 2023
Nigeria: Subsidy Removal - Makinde Approves Additional 16 Buses to Oyo, Saki, Ogbomoso, Others
Oyo State governor, Seyi Makinde has approved additional 16 new luxury buses to Saki, Iseyin, Ogbomoso, Oyo and Ibarapa areas of the state to cushion the effects of fuel subsidy… Read more »
August 18, 2023
Nigeria: Oil Theft Triggered $10.7m Daily Loss From 2009 to 2020 - NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Wednesday said, Nigeria lost over 619.7 million barrels of crude oil valued at $46.16 billion or N16.25… Read more »
August 16, 2023
Nigeria: Federal Govt Battles Market Forces to Stabilise Petrol Pump Price
The federal government is battling to contain and stabilise the pump price of premium motor spirit (PMS) after the Read more »
August 15, 2023
Nigeria: Shell Confirms Crude Export Resumption At Forcados
Exports of Nigeria's Forcados grade of crude oil resumed on Sunday, said Shell on Monday. Read more »
August 10, 2023
Nigeria: NSCDC Destroys 100 Illegal Refineries, Steps Up Vigilance
As part of its mandate to protect critical national infrastructure, the Nigeria Security and Civil Defence Corps (NSCDC) said it has uncovered and destroyed over 100 illegal… Read more »
Nigeria: Nigeria, Others' Output Disruptions Drag OPEC+ Crude Production to 2-Year Low
Crude oil production by the Organization of Petroleum Exporting Countries (OPEC) and its allies have hit a two-year low on the back of the latest cut by the Kingdom of Saudi… Read more »
August 08, 2023
Nigeria: NAF Destroys 3 Boats With Stolen Crude in Rivers
The Air Component of Operation Delta Safe (OPDS) weekend destroyed three boats loaded with stolen crude and another illegal refinery with reservoir and tanks in Rivers State. Read more »
August 03, 2023
Nigeria: We Have No Control Over Fuel Price, Forex, CBN Tells Reps
The Central Bank of Nigeria (CBN) yesterday told the House of Representatives that it lacks control over the price of Premium Motor Spirit (PMS), popularly known as fuel, and the… Read more »
July 26, 2023
Nigeria: Subsidy Removal - Why We Are Taking Time to Roll Out Palliatives - Presidency
In response to the recent outcry over the removal of fuel subsidy and the subsequent increase in the price of premium motor spirit (PMS), commonly known as petrol, the Presidency… Read more »
July 27, 2023
Nigeria: Reps to Probe $4bn Debt Owed NDDC By Oil Companies
The House of Representatives has resolved to investigate the flagrant disobedience of International Oil Companies to the Delta Development Commission (NDDC) Act which culminated in… Read more »
July 26, 2023
Nigeria: Subsidy Removal - Be Patient With Tinubu, Ex-APC Acting Chair Tells Nigerians
A former acting national chairman of the All Progressives Congress (APC) and chairman, Governing Council, of the Institute for Progressive Affairs, Hilliard Eta, has implored… Read more »
July 25, 2023
Nigeria: Reps Vow to Recover $9bn Gas Flaring Fines From Erring Oil Firms
The House of Representatives said it will stop at nothing to recover the over $9 billion gas flaring fines imposed by the federal government on erring local and foreign companies… Read more »
July 24, 2023
Nigeria: Petrol Hike - Stakeholders Seek Govt's Intervention to Prevent Imminent Scarcity
Nigerians are yet to see an end to sufferings brought about by periodic increase in pump price of Premium Motor Spirit (PMS) also called Petrol. Read more »
July 13, 2023
Nigeria: Subsidy Removal - Be Patient, Palliatives Will Come, Tinubu Tells Nigerians
President Bola Ahmed Tinubu yesterday in Abuja urged Nigerians to exercise patience as the framework for palliatives to ameliorate the hardship brought on by the petrol subsidy… Read more »
July 12, 2023
Nigeria: NNPC Not Blocking Oil & Gas Sector Deals, Kyari Assures IOCs
The group chief executive officer of the Nigerian National Petroleum Company Ltd, Mele Kolo Kyari, has said that it is not blocking deals by International Oil Companies (IOCs)… Read more »
Nigeria: Persistent Vandalism of NNPCL Pipelines Will Cause Petrol Scarcity, Marketers Warn
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, has warned of possible scarcity of petrol except the government acts fast to address… Read more »
July 10, 2023
Nigeria: Vessel With Stolen 800,000-Litre Crude Oil Intercepted, Destroyed - NNPCL
A private security contractor, Messrs. Tantita Security Services, has intercepted a suspicious Vessel with a cargo of crude oil onboard. Read more »
July 06, 2023
Nigeria: Military Destroys 30 Illegal Refineries, Arrests 42 Suspects in 3 Weeks
The Defence Headquarters, (DHQ) has said troops of Joint Task Force Operations DELTA SAFE discovered and destroyed 30 Illegal refining sites and arrested 42 economic saboteurs in… Read more »
Nigeria: Nigeria Earns $11bn From Crude Exports in 5 Months
Revenue from crude oil sales as earned Nigeria $11 billion in the first five months of 2023. Read more »
July 04, 2023
Nigeria: Subsidy Removal, Rising Inflation Weaken Nigerians' Purchasing Power
Purchasing power of Nigerians dropped in June 2023, as the effects of the fuel subsidy removal and rising inflation continue to gather momentum, LEADERSHIP learnt. Read more »
June 22, 2023
Nigeria: Governors, Royal Fathers Also Involved in Oil Theft, Says APC Chieftain
All Progressives Congress (APC) chieftain and national chairman of Tinubu Support Network (TSN) Engr. Kailani Muhammad, yesterday said besides the military, traditional rulers and… Read more »
June 21, 2023
Nigeria: Subsidy Removal - Uber, Bolt Drivers Suspend Planned Strike
The Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON), has suspended its planned strike to dialogue with the government. Read more »
June 19, 2023
Nigeria: Subsidy Removal - Federal Govt, Labour Fix 2 Months to Implement Resolutions
The federal government and the organised labour have agreed to sort out issues on the implementation of the resolutions reached on fuel subsidy removal within the next eight weeks. Read more »
Nigeria: Subsidy Removal - Federal Govt, Labour to Sort Out Implementation of Palliatives in 2 Months
The federal government and the organised Labour have agreed to sort out issues of implementation of the resolutions reached on fuel subsidy removal interventions within the next… Read more »
June 17, 2023
Nigeria: Military, Asari Dokubo On Warpath Over Allegations of Oil Theft
It appeared yesterday that the Nigerian military may be lurching towards an angry showdown with former Niger Delta militant leader, Asari Dokubo, over his allegations that 99… Read more »