June 12, 2023
Nigeria: SERAP Sues Federal Govt Over 'Missing' $2.1bn, N3.1trn Subsidy Payments
A rights group, Socio-Economic Rights and Accountability Project (SERAP), had dragged the federal government before the Federal High Court in Lagos over its alleged failure to… Read more »
June 11, 2023
Nigeria: TotalEnergies to Speak On Exploration Campaign in Nigeria, Others At Aew
TotalEnergies' huge exploration campaigns in Nigeria and other parts of Africa has sustained the company's assurances with promises of new opportunities for energy security in… Read more »
June 05, 2023
Nigeria: Don't Politicise Fuel Subsidy Removal, Sanwo-Olu Tells NLC
Lagos State Governor Babajide Sanwo-Olu has urged the Nigeria Labour Congress (NLC) to shelve its planned strike in protest against the fuel subsidy removal, saying the issue… Read more »
Nigeria: NNPC to Discontinue Crude Swap, Targets Cash Payments for Petrol Imports
With the removal of subsidy on petrol in the country, the Nigerian National Petroleum Company Limited (NNPC) is set to discontinue crude oil swap in favour of cash payments for… Read more »
Nigeria: Probe Missing $2.1bn, N3.1trn Subsidy Payments, SERAP Tells Tinubu
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to investigate allegations that $2.1 billion and N3.1 trillion public funds budgeted as… Read more »
June 02, 2023
Nigeria: Fuel Subsidy - Northern Groups Accuse NLC of Playing to the Gallery
The Coalition of Northern Groups (CNG) has said the Nigeria Labour Congress (NLC) has developed a penchant over the years for mass public deception over issues of serious national… Read more »
Nigeria: No Going Back On Fuel Subsidy Removal, NNPCL Declares
Despite the widespread outcry trailing the removal of fuel subsidy in the country, the Nigerian National Petroleum Company Limited, (NNPCL) has insisted there will not be a… Read more »
May 31, 2023
Nigeria: Finally, Subsidy Removed As NNPC Sells Petrol N537/Litre in Abuja
Nigeria has finally removed subsidy on premium motor spirit (PMS) popularly known as Petrol as the Nigeria National Petroleum Company (NNPC) Limited Wednesday morning officially… Read more »
Nigeria: Subsidy - Negotiation With Federal Govt Deadlocked As NLC Demands Reversal
The federal government and the organized Labour failed to reach a consensus on the contentious issue of fuel subsidy removal. Read more »
Nigeria: Suspected Oil Bunkerers Engage Security Operatives in Shootout in Delta
Tension has mounted in Oghior community, Udu local government area of Delta State as suspected oil bunkerers and security operatives drafted from Ovwian division were involved in a… Read more »
May 30, 2023
Nigeria: Subsidy Removal Policy Has Grave Implications, Says NLC
The organised labour has kicked against President Bola Ahmed Tinubu's policy statement on the fuel subsidy removal, saying it has grave implications for the polity. Read more »
Nigeria: NNPCL Backs Fuel Subsidy Removal, Promises to Sustain Product Availability
The Nigerian National Petroleum Company Limited (NNPCL), has applauded the decision by the Federal Government to remove subsidy on Premium Motor Spirit (PMS), also called Petrol. Read more »
Nigeria: Subsidy Removal - Nigerians May Pay N700/Litre for Petrol From July
Hard times await motorists as the cost of and other users of Premium Motor Spirit, (PMS), otherwise called petrol as the price may go up to as much as N700 per litre in the days… Read more »
May 23, 2023
Nigeria: 16 Yrs After Bluestar Setback, Dangote Lives His Dream
Sixteen years after the BlueStar setback, Aliko Dangote's dream of owning a refinery has now come to fruition. Read more »
May 19, 2023
Nigeria: NNPCL Plans 300,000 Barrels Daily Crude Supply to Dangote Refinery
Nigeria will now have a ready market for some of its crude oil production in-country as the Nigerian National Petroleum Corporation Limited, said it will be supplying 300,000… Read more »
Nigeria: Nigeria Expands Onshore Oil Explorations Initiative With $1m Contract Award
Nigeria is expanding its onshore oil exploration as STRYDE a Seismic acquisition technology and solutions provider just announced the award of a contract worth over $1 million for… Read more »
May 17, 2023
Nigeria: $12bn Required to Clean Oil Pollution in Nigeria - Report
Restoration of and clean up of decades-long oil pollution in crude producing states will cost at least $12 billion, investigators said yesterday. Read more »
Nigeria: Dangote Refinery to Meet 100 Percent in-Country Consumption Requirement - Report
A report from Dangote Industries Limited said that its to be soon commissioned Refinery will meet 100 per cent of the Nigerian requirement of all liquid products (Gasoline, Diesel,… Read more »
May 08, 2023
Nigeria: Fuel Subsidy - CISLAC, Queries $800m World Bank Loan
The Civil Society Legislative Advocacy Centre, (CISLAC,) has queried the federal government over the World Bank's $800 million loan to the country, saying Nigeria don't need to… Read more »
April 27, 2023
Nigeria: Investment in Gas Soars Amid Planned Petrol Subsidy Removal
As federal government appear more determined to strike out petrol subsidy regime, indigenous oil and gas firms are taking fresh investment decisions to expand internal gas market. Read more »
April 28, 2023
Nigeria: No Going Back On Fuel Subsidy Removal, Federal Govt Declares
Minister of finance, budget and national planning, Zainab Ahmed, has said the federal government has concluded every plan for the removal of the controversial subsidy on premium… Read more »
April 27, 2023
Nigeria: Nigeria Has Suffered a Significant Loss in Oil Revenue - Shell
Chairman of Shell Companies in Nigeria, Osagie Okubor, has said the country suffered a significant loss in oil revenue over the last year, as a result of pipeline vandalism and oil… Read more »
Nigeria: Nigeria Tops African Oil Producers As OPEC's March Output Hit 28.80mbp
Nigeria was Africa's top crude oil producer in March 2023, with a production capacity of 1.2 million barrels per day (bpd), even as the Organisation of Petroleum Exporting… Read more »
April 23, 2023
Nigeria: Serap Threatens to Sue Federal Govt If It Fails to Probe Missing Crude Oil
Socio-Economic Rights and Accountability Project (SERAP) has threatened to drag the federal government to court if it fails to investigate allegations that over 149 million barrels… Read more »
April 18, 2023
Nigeria: ExxonMobil Declares Force Majeure On Crude Oil Lifting in Nigeria
American oil major, ExxonMobil has declared force majeure on oil lifting from several ports in Nigeria. Read more »