Nigeria National Petroleum Corporation NNPC yesterday said that it is no longer feasible to continue to sell fuel at N145 per liter…
Category:
Oil and Gas
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru yesterday said that modalities are being worked out…
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The Minister of State for Petroleum, Dr Ibe Kachikwu on Monday refuted media reports of possible increase in the prices of petroleum…
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Nigeria’s revenue from crude oil sales dropped lower to N1.203 trillion in the first half of 2016. It dropped by N577 billion…
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday blamed the continued fall in the value of the naira…
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BusinessEconomyNewsOil and Gas
Naira dips against dollar as oil prices rise on OPEC plan to cut production
The Naira on Monday depreciated against the dollar at the parallel market, just as crude oil prices hit five-week highs yesterday, gaining…
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BusinessEconomyFinanceNewsOil and Gas
FG saves N1.4trn from deregulation, to release N100bn for capital project –Osibanjo
Federal Government said yesterday that it has saved about N1.4 trillion that would have been paid as subsidy to oil marketers as…
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Transnational Corp. of Nigeria Plc has suspended plans to build one of the nation’s biggest power plants as a local gas shortage…
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Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, painted a gloomy picture for the Nigerian economy, stating that Nigeria’s crude…
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•CBN, NBET, huge debts, forex, vandalism blamed for woes •NBET: We’ve paid N186bn •CBN: GENCOs haven’t met conditions for disbursment Nigerian Bulk…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) says that taxation of petroleum products like fuel, diesel, kerosene and gas holds a huge…
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The Nigeria Liquefied Natural Gas Limited (NLNG), today, appointed Mr. Tony Attah, as its Managing Director and Chief Executive Officer, to take…
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Nigeria’s multi-billion dollar investment in the West African Gas Pipeline Company, WAPCO, is in jeopardy as management of the company, yesterday, raised…
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Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. Nigeria pumped an average of…
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A new Group Managing Director has been appointed for the Nigeria National Petroleum Corporation NNPC. He is Dr Maikanti Kacalla Baru. By…