May 22, 2023
Nigeria: Dangote Already Repaying Loans Taken to Build Refinery - Emefiele
"I am pleased to inform everyone today that, following extensive repayments, outstanding debt has dropped appreciably from over US$9 billion to US$2.7 billion," Mr Emefiele said. Read more »
May 23, 2023
Nigeria: As Nigeria Inaugurates Significant Oil Refinery, African Parliamentarians Discuss Climate Change Concerns
According to the WHO African Region, climate change is expected to cause approximately 250,000 additional deaths per year between 2030 and 2050. Read more »
May 22, 2023
Nigeria: OPL 245 Scam - U.S., Netherlands Urged to Reopen Investigations
Both the US and the Netherlands had previously opened investigations into the OPL 245 deal but closed them due to a court case in Italy. Read more »
Nigeria: Dangote Refinery Game Changer for Nigerian Economy - Buhari
"I am confident that my successor, His Excellency Asiwaju Bola Ahmed Tinubu, will sustain the improvement in our economic and business environment...," the president said. Read more »
Nigeria: Our Refinery Will Supply First Product to Market By July - Dangote
"This is a clear opportunity for Nigeria given the African Union's commitment to the creation of an African Common Market through the recently established African Continental Free… Read more »
May 20, 2023
Nigeria: NUPRC Set to Unlock Nigeria's Potential in Upstream Petroleum Sector - Official
Despite the global clamour for decarbonization and energy transition, oil and gas remain relevant in the global energy mix, an official said. Read more »
May 19, 2023
Nigeria: NNPC Ltd Clears $3.8bn Indebtedness to IOCs - Official
"We have seen the worst, lessons have been learnt, and the solutions are being institutionalised to ensure we never see a repeat," an official said. Read more »
May 17, 2023
Nigeria: Why and How Petrol Subsidy Must Go
For Nigeria to exit from its national fiscal crisis, create prosperity for its citizens and fulfill its obligations to those citizens, we must end the decades-old drainpipe of… Read more »
Nigeria: Bayelsa Oil Spills Cleanup to Cost U.S.$12 Billion - Report
A similar cleanup in the neighbouring Rivers State has suffered several years of delay. Read more »
May 16, 2023
Nigeria: How NNPC's Intervention Unlocked 30,000 Barrels of Oil Daily From OML 130 - TotalEnergies
The NNPC promises support for TotalEnergies Upstream and the OML 130 partners to achieve their development objectives. Read more »
May 11, 2023
Nigeria: Dangote Refinery Challenges Global Narrative
Whatever the world may be saying about fossil fuels, carbon footprint and spooky markets, the hundreds of thousands of unemployed Nigerians cannot wait for the relief that the… Read more »
May 12, 2023
Nigeria: Otedola Receives $19 Million in Arbitration Award From Ardova Over Forte Oil Sale
The settlement followed a ruling last October by the London Court of International Arbitration. Read more »
May 10, 2023
Nigeria: Dangote, Elumelu Hail NNPC's Performance Under Kyari
Mr Dangote says NNPC Ltd can become Africa's Saudi Aramco. Mr Elumelu confessed being a beneficiary of the oil company's new efficiency Read more »
Nigeria: El-Rufai, Sanusi, Soludo Speak On Fuel Subsidy Removal, Fiscal Sustainability
"So, we need to end the subsidy," one of the guest speakers said. Read more »
May 03, 2023
Nigeria: Mele Kyari and the Repositioning of Nigeria's Oil Behemoth
When Mele Kyari assumed duty as the Group Managing Director of the now defunct Nigerian National Petroleum Corporation (NNPC) on 7 July, 2019, it was at a critical period not only… Read more »
May 02, 2023
Nigeria: How Oil Ministry Came Under the Presidency
Of all appointments to be made by the President Elect, Asiwaju Bola Ahmed Tinubu, none will define his presidency, then the appointment of Minister of Petroleum. There are… Read more »
April 27, 2023
Nigeria: Federal Govt Suspends Subsidy Removal
"Council agreed that the timing of the removal of fuel subsidy should not be now," an official said. Read more »
Nigeria: NNPCL, Norwegian Firm to Build Floating Gas Plant in Nigeria
The signing of the agreement took place at the NNPC headquarters in Abuja. Read more »
Nigeria: How We Resolved PENGASSAN Strike Crippling Mobil Production - NNPCL
The industrial action was suspended following "high-level mediation" between the leadership of the company and PENGASSAN. Read more »
Nigeria: 'Missing' Barrels of Oil - Malami Finally Appears Before Reps Panel, Says Allegation 'Baseless'
"The allegation is unfounded. It lacks merit and indeed substance," the minister told the lawmakers. Read more »
April 24, 2023
Nigeria: AKK Gas Pipeline Project Nears 70% Completion - NNPCL
Mr Kyari said the NNPCL has so far released the sum of $1.1bn to finance the project. Read more »
April 23, 2023
Nigeria: SERAP Asks Buhari to Investigate 'Missing' 149 Million Barrels of Crude Oil
The organization asked the outgoing president to set up a presidential panel of enquiry to investigate the missing crude oil. Read more »
April 20, 2023
Nigeria: 'Missing' 48 Million Barrels of Oil - Malami Finally Agrees to Appear Before Reps
Mr Malami and his counterpart in the Ministry of Finance and National Planning, Zainab Ahmed, had repeatedly shunned the public hearing on the missing crude oil. Read more »
April 19, 2023
Nigeria: Inside Mele Kyari's Exploits At NNPC
As a new dispensation dawns, it is no surprise that certain people have started to eye certain positions, more out of lust for lucre than thirst for service. And if the targets of… Read more »
April 16, 2023
Nigeria: Defying the Odds With Outstanding Financial Performance for NNPC - Kyari
Since he assumed office, Mr Kyari has pursued his Transparency, Accountability and Performance Excellence (TAPE) agenda, a five-step strategic roadmap for NNPC's attainment of… Read more »