Oil and Gas

The findings of the Committee are as follows: The review of the Petroleum Support Fund (PSF) guidelines by the PPPRA ‘in 2010…

President Goodluck Jonathan in continuation of shake up in his government has replaced the managing director of Nigerian National Petroleum Corp (NNPC)…

Nigerian crude differentials remained under pressure from ample supply of light, sweet crude and unexceptional levels of demand, traders said on Tuesday.…

More Nigerian loading programmes emerged for August today (Monday) and there was some buying interest for the new grades, traders said, although…

Norway is to provide 850 million Norwegian crowns to fund clean energy projects in Ethiopia, Kenya and Liberia, finance that could unlock…

Minister of State for Finance Yerima Ngama said that the Federal Government had spent N518 billion so far on fuel subsidy out…

Nigeria has cleared fuel import subsidy payments that were held up while authorities verified they were for genuine deliveries, as part of…

Nigerian oil differentials were reported to have held at six-week lows, with traders pointing to an overhang of nearly 30 million barrels…

The Federal Government has set up a committee made up of bankers and fuel importers to manage subsidy. This fact was disclosed…

Finance Minister Dr. Ngozi Okonjo-Iweala said the federal government has revised downward the country’s growth forecasts to between 6 and 7 per…

June loading cargoes of Nigerian crude started clearing promptly in last minute demand ahead of the release of the July loading programme,…