The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in...
Nigerian state oil company NNPC has extended for six months its contracts with private companies to swap crude oil for fuels, two sources familiar with the...
India’s oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping...
The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards. A press release...
The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. The Paris-based...
Crude oil prices rose to higher levels following a tropical storm in the Gulf of Mexico which prompted drillers to evacuate rigs and shut-in production. As...
Nigerian National Petroleum Corporation (NNPC)says it will soon begin activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. The corporation said this...
Nigeria is holding talks to give up majority stakes in all four of its moribund oil refineries, Mele Kyari, head of the state oil firm NNPC...
The Federal Government has explained its decision to fully remove subsidy from petrol, saying the country stands to rake in over ₦1 trillion annually which would...
Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages it...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best interest of the country....
A court in London has granted Nigeria relief and more time to appeal in the infamous $10 billion P&ID arbitration case for which Nigeria is battling...
The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company...
Motorist and commuters in Lagos have decried the increment in pump price of Premium Motor Spirit (PMS), following the new ex-depot price announced by Petroleum Products...
The pump price of petrol has been increased to N151.56 per litre with effect from September 2, 2020. This was disclosed in an internal memo issued...