In a further move towards the fulfillment of his pledge to Nigerians that no person or organization guilty of fuel subsidy fraud or corruption will escape...
Reports from international oil market said that Sweet crude sold at a steady pace for August loading in the West African market, while deals in Angola...
Nigeria National Petroleum Corporation (NNPC) has disassociated itself from ownership of a secret foreign account with American bank, J.P. Morgan. This development has brought another dimension...
Federal Government of Nigeria is set to give more bite to its local content pursuit by awarding nearly half of its $60 billion annual supply contracts...
Shoreline Natural Resources Limited has acquired a 45 per cent stake in Oil Mining Lease, OML, 30 in a deal worth about N131.75 billion ($850 million)...
The findings of the Committee are as follows: The review of the Petroleum Support Fund (PSF) guidelines by the PPPRA ‘in 2010 included the following amendments...
President Goodluck Jonathan in continuation of shake up in his government has replaced the managing director of Nigerian National Petroleum Corp (NNPC) and three other senior...
Nigerian crude differentials remained under pressure from ample supply of light, sweet crude and unexceptional levels of demand, traders said on Tuesday. “There’s just less demand...
More Nigerian loading programmes emerged for August today (Monday) and there was some buying interest for the new grades, traders said, although at least 10 cargoes...
Norway is to provide 850 million Norwegian crowns to fund clean energy projects in Ethiopia, Kenya and Liberia, finance that could unlock private sector investment in...
Minister of State for Finance Yerima Ngama said that the Federal Government had spent N518 billion so far on fuel subsidy out of the N888 billion...
Nigeria has cleared fuel import subsidy payments that were held up while authorities verified they were for genuine deliveries, as part of efforts to combat fraud,...
Nigerian oil differentials were reported to have held at six-week lows, with traders pointing to an overhang of nearly 30 million barrels of unsold oil from...
The Federal Government has set up a committee made up of bankers and fuel importers to manage subsidy. This fact was disclosed yesterday by Finance Minister,...
Finance Minister Dr. Ngozi Okonjo-Iweala said the federal government has revised downward the country’s growth forecasts to between 6 and 7 per cent, from previous projection...