The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is discussing with the Nigerian National Petroleum Corporation Ltd (NNPC) and stakeholders on imported substandard Premium...
Local Contractors have besieged the Niger Delta Development Commission NDDC office in Rivers State demand for payment of their outstanding debt being owed them by the...
Brent crude drops by 42 cents, or 0.5%, at $92.85, having earlier touched its highest since October 2014 at $94. U.S. West Texas Intermediate crude fell...
Civil Society Groups for Good Governance (CSGGG) have warned the federal government that removing subsidy without fixing local refineries will spell doom for Nigerians. The group...
TotalEnergies and China National Offshore Oil Corporation have said they have reached final investment decision (FID) for the Lake Albert Development project in Uganda, ushering in...
The Organisation of the Petroleum Exporting Countries (OPEC) has reconfirmed its decision to adjust upward its monthly overall production by 400,000 barrel per day (mb/d) for...
Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global political turmoil fanned concerns over tight supply. The benchmark...
The task force set up in Rivers State said it has dismantled 27 illegal refineries operating in the state. The task force in an operation led...
Brent crude oil price hits the $90 a barrel mark for the first time in seven years, supported by tight supply and rising political tensions in...
State Governors under the aegis of the Nigeria Governors Forum, NGF have kicked against the proposed fuel subsidy removal, saying that it must not be carried...
Senators have given Nigeria Liquified Natural Gas a seven day deadline to appear before it to show cause why it has not paid compensation to communities...
Oil prices rose over 2% on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats to infrastructure in the United Arab Emirates and...
Minister of Finance Hajia Zainab Ahmed has retracted government earlier decision to remove fuel subsidy in July 2022. She told the National Assembly that federal government...
Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to interest rates by the...
President of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised project to happen to Africa. He...