There are indications that the Federal government of Nigeria have lost over N1.2 trillion in oil revenue following the alleged breach of the 2000/2001 fiscal incentive...
In keeping with its resolve to deepen its compliance with the transparency standards dictated by the Extractive Industries Transparency Initiative (EITI) as a Supporting Company, the...
Alhaji Rabiu Bello has said that at a pump price of ₦167 per litre, Nigerians are currently overpaying for fuel, Bello, a former Chief Operating Officer/Group Executive...
Akwa Ibom state born Mr Effiong Okon Akwa has been appointed by President Muhammadu Buhari an interim administrator to oversee the affairs of the Niger Delta...
Malcolm Brinded, an ex- Upstream Chief of Shell Petroleum, has told international prosecutors that the sum of $1.3 billion paid by Shell and Eni in 2011...
Oil futures headed sharply higher Thursday, with the global Brent crude benchmark above $50 for the first time in nine months, on progress toward a COVID-19...
The Nigerian National petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas...
Nigeria’s biggest modular refinery has been inaugurated by President Mohammadu Buhari. The President conducting a virtual inauguration of the facility said the establishment of modular refineries...
A Bill for an Act to provide for legal, governance, regulatory and fiscal framework for the Nigeria Petroleum Industry, development of host communities and for related...
The Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various gas development projects it has undertaken, especially the Ajaokuta- Kaduna-...
Petroleum Price Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, raised the ex-depot price of petrol, to N155.17 per litre from N147.67 per...
Chief Executives of Government Agencies in Nigeria have been admonished to work towards building strong institutional frameworks to promote rapid economic growth and the ease of...
A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal,...
The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the Federal Government and members...
Nigerian National Petroleum Corporation (NNPC) has said that it supplied 727 Million Standard Cubic Feet per day (mmscfd) of natural gas for power generation to the...