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Increasing Population: Oil And Gas Exports Can No Longer Feed Nigeria –...

Former President Olusegun Obasanjo has warned that the revenue from oil and gas exports alone can no longer feed Nigeria as the...

Rising Debts: Oil-Producing States Borrow N1.3tn Amid N6.4tn Windfall – DMO

The total debts of 10 oil-producing states rose from N2.04tn in December 2015 to N3.35tn as of June 2022, according to sub...

Derivation: Nigerian Govt Gives Details Of Payments Made To Oil Producing States

The Federal Government has released details of the oil derivation refunds from 1999 made to Niger Delta states amidst a growing controversy...

Oil Theft: Federal Government Says Security Personnel In N’delta Conniving With...

The Federal Government says some security personnel deployed to fight oil theft were collaborating with those stealing the commodity in the Niger-...

NSCDC Arrests 11 Oil Pipeline Vandals In Delta

The Nigeria Security and Civil Defence Corps NSCDC, Delta Command, has arrested 11 suspected oil pipeline vandals in the state.

Rising Oil Prices Worry FG, Says Nigeria Not Gaining From Soaring...

The Federal Government expressed concern over the rising international prices of crude oil, saying the increase is not good for the country.

FG Threatens To Sanction Oil Marketers Contravening Weights, Measures Act

The Minister of Industry, Trade and Investment, Niyi Adebayo, has said the federal government would henceforth sanction petroleum depot owners and oil...

Buhari To Take Advantage Of PIA To Enhance Investment

President Muhammadu Buhari has urged operators in the petroleum industry to take advantage of the new Petroleum Industry Act PIA to promote...

FG’S Plans To Increase Oil, Gas Reserves On Course – DPR

The Department of Petroleum Resources DPR says the Federal Government’s plans to increase the nation’s oil and gas reserves, are on...
Govt Invites Investors To Bid For 57 Oil Fields

Govt. Invites Investors To Bid For 57 Oil Fields

The Federal Government, through the Department of Petroleum Resources, has put on offer 57 marginal fields for licensing as part of...
#Breaking: Former GMD Of NNPC Maikanti Baru, Is Dead.

#Breaking: Former GMD Of NNPC Maikanti Baru, Is Dead.

He was 60 years old as at the time of his death, and only two months away from his 61st birthday.
Govt Moves To Halt Crude Export In Natural State

FG Moves To Halt Crude Export In Natural State

The Federal Government is putting plans in motion to implement ways to halt the export of crude oil in its natural...
NNPC Records N211.62b From Petroleum Products Sales

NNPC Records N211.62b From Petroleum Products Sales

The Nigerian National Petroleum Corporation NNPC said its downstream subsidiary, Petroleum Products Marketing Company PPMC, netted 211.62 billion naira from the sale...
Covid-19: Nigeria Will Overcome Difficulties - Lawan

Covid-19: Nigeria Will Overcome Difficulties – Lawan

Senate President Ahmad Lawan has assured Nigerians that the country will overcome the economic challenges facing the nation as a result...
NNPC Earns $5.18bn From Oil In 2019

NNPC Earns $5.18bn From Oil In 2019

The Nigerian National Petroleum Corporation NNPC said that the country exported oil and gas worth about 5.18 billion dollars from January 2019...
FG Revokes 11 Oil Mining Licences As Revenue Shrinks

FG Revokes 11 Oil Mining Licences As Revenue Shrinks

The Federal Government has revoked the mining licences of about 11 oil and gas companies operating in the marginal fields.
Revised Budget: FG Gives National Assembly N27bn For Renovation, Cuts Health, UBE Votes

FG To Cut FIRS’ N8.5tr Target

The Federal Government is revising the non-oil revenue projections, including various tax and customs receipts. Minister of...
Nigeria’s Stolen Oil; NEITI Says Metering Can Reduce Volume

Nigeria’s Stolen Oil; NEITI Says Metering Can Reduce Volume

The Nigeria Extractive Industries Transparency Initiative, NEITI has said that Nigeria could reduce the volume of oil stolen from her shores.
Clem Agba, Minister Of State For Budget And National Planning

Budget: FG Maintains Oil Bench Mark In Spite Increase In Oil...

Minister of State for Budget and National Planning, Clem Agba says Federal government would maintain its bench mark of 60 dollars per barrel in...

Oil Theft Costs Nigeria 22mb In 6 Months – Gov....

Governor Godwin Obaseki of Edo state has said that the nation lost about twenty two million barrels of its crude oil production...

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