April 18, 2023
Nigeria: Nigerians Continue to Suffer Over Marketers Position On Petrol Pricing
The petrol pricing issues presently causing mayhem, may seem to be easing off at the moment, but for how long? Read more »
April 13, 2023
Nigeria: Kyari, Ajiya's Appointments in Line With Pia, Govt Circular - NNPC
The Nigerian National Petroleum Company Ltd (NNPCL) has instituted a legal action against Sahara Reporters over the publication of what it called a misleading report on the… Read more »
April 09, 2023
Africa: Partners in U.S.$25 Billion Nigeria-Morocco Gas Pipeline Agree On Production Sharing Plan
The Nigeria's National Petroleum Company Limited (NNPCL) is planing to invest about $12.5 billion to secure a 50 per cent equity stake in the $25 billion Nigeria-Morocco Gas… Read more »
April 05, 2023
Africa: Africa Oil Corp to Reduce Emission in Nigeria
Africa Oil Corp has initiated key programmes that will result in gas flare reduction from its operating oil assets in Nigeria. Read more »
Nigeria: NNPC Offers 9 Percent Funding to Shipowners for Vessel Acquisition
The Nigerian Maritime Administration and Safety Agency (NIMASA), has disclosed that the Nigerian National Petroleum Company Limited (NNPC), has expressed interest in taking part in… Read more »
March 21, 2023
Nigeria: Renowned Oil Trader, Jean-Marc Cordier Joins NNPCL
The Nigerian National Petroleum Company Limited, (NNPCL) has announced the appointment of former Vice President of Abu Dhabi National Oil Company, ADNOC, Jean-Marc Cordier as Head… Read more »
March 10, 2023
Nigeria: Shelf Drilling Secures $118m Offshore Nigeria
Oslo-listed jack-up drilling rig leasing firm, Shelf Drilling, has secured a two-year contract in Nigeria for its Shelf Drilling Scepter rig. Read more »
March 07, 2023
Nigeria: Blocking Leakages in Oil Industry to Help New Administration Survive
The chief executive officer(CEO), of the Center For The Promotion Of Private Enterprise(CPPE), Dr. Muda Yusuf, has demanded immediate removal of petrol subsidy regime and plugging… Read more »
March 01, 2023
Africa: Africa Oil Targets Earnings From Nigeria's OML 127, OML 130
Africa Oil Corp(AOC) is projecting multiple attractive development, appraisal and infrastructure-led exploration opportunities on both OML 127 and OML 130, which it said, presents… Read more »
February 27, 2023
Nigeria: Nigeria's Gas Export Slumps to 1m Tonnes, Lower Than Algeria
Nigeria's gas export dropped to one million tonnes in January, representing 35 per cent decline year on year, and lower than export volumes by Algeria. Read more »
February 24, 2023
Nigeria: Oil Production Decline Shrinks Nigeria's Economic Growth
Oil theft coupled with deferred investment in Nigeria's oil industry has caused Nigeria's economy growth to slow to 3.52 per cent in the fourth quarter from 3.98 per cent a year… Read more »
February 13, 2023
Nigeria: NNPC, Sahara Group Deliver 24-Hour Electricity to Ajoki Community in Edo
Socio-economic growth prospects in Ajoki community, Edo State, have soared following the delivery of uninterrupted power supply to the community by Enageed Resource Limited, a… Read more »
February 09, 2023
Nigeria: UN Raises Concerns Over Fuel, Naira Scarcity, Violence On Nigerian Elections
The United Nations (UN) System in Nigeria has expressed concerns over possible adverse effects of the lingering fuel scarcity, the difficulties imposed on Nigerians by the Naira… Read more »
February 06, 2023
Nigeria: Fuel Scarcity Subsides As NNPC Evacuates 450.92m Litres in 1 Week
The Nigerian National Petroleum Company (NNPC) Limited has said that an average of 64.42 million liters of premium motor spirit (PMS) were evacuated on a daily basis between… Read more »
February 01, 2023
Nigeria: INEC Worries Over Worsening Fuel Crisis Ahead of Polls
Just 24 days to the 2023 presidential elections, the Independent National Electoral Commission (INEC) yesterday shared the same concerns raised by the National Union of Road… Read more »
January 27, 2023
Nigeria: Equinor to Divest $1bn Stake in Nigeria's Agbami Oil Assets
As gale of International Oil Companies(IOCs) divestment from Nigeria deepens, Norwegian energy firm, Equinor has hired Standard Chartered to assist in the sale of its major stake… Read more »
January 25, 2023
Nigeria: Federal Govt Sets Up 14-Man Committee to Manage Petroleum Products Supply, Distribution
In a move to find lasting solution to the disruptions in the supply and distribution of petroleum products in the country, President Muhammadu Buhari has approved the constitution… Read more »
January 23, 2023
Nigeria: Go After Fuel Saboteurs, Group Tasks DSS, NSCDC
An anti-sabotage organisation under the aegis of The Natives, has tasked security agencies, especially the Department of State Services (DSS) and the Nigeria Security and Civil… Read more »
Nigeria: OPEC Fund Debuts U.S.$1bn SDG Bond for Development Finance
The OPEC Fund for International Development, a development institution established by the Organization of the Petroleum Exporting Countries' member governments, has raised $1… Read more »
January 22, 2023
Nigeria: Privare Sector Frowns At Federal Govt Over Lingering Fuel Scarcity
The leadership of Organised Private Sector of Nigeria (OPSN) has described the lingering scarcity of petroleum product as embarrassment and shame of a nation that is blessed with… Read more »
January 21, 2023
Nigeria: No Approval for Increase in Petrol Price - Federal Govt
President Muhammadu Buhari has not approved any increase in the price of petrol, the minister of state for petroleum resources, Chief Timipre Sylva, said yesterday. Read more »
January 20, 2023
Nigeria: NNPCL Now Sells Petrol At N194/Litre As Scarcity Bites Harder
The Nigerian National Petroleum Company (NNPC) Limited yesterday increased the pump price of Premium Motor Spirit (PMS) at its filling stations to N194 per litre from N179 per… Read more »
January 19, 2023
Nigeria: Nigeria Boosts Opec's Oil Production Output in December
Nigeria played a crucial role to ensure Organisation of the Petroleum Exporting Countries(OPEC) recorded increased oil production in December 2022. Read more »
January 05, 2023
Nigeria: Another Fuel Scarcity Imminent As NUPENG Threatens Nationwide Strike
The respite from the long queues at petrol stations across the country following improved product supply may be short-lived as the Petroleum Tanker Drivers Branch of National Union… Read more »
December 30, 2022
Nigeria: Nigeria Ranks 11th of 20 Countries With Largest Oil Reserves
Nigeria has ranked 11th position on a top-20 list of countries with largest proven oil reserves, a publication by Insider Monkey has shown. Read more »