Tag: Oil
Nigerians Deserve Accountability On Oil Resource Management- Obi.
Politician and former governor of Anambra State, Peter Obi has urged the Nigerian National Petroleum Corporation, NNPCL, to provide clarity and accountability to Nigerians...
Nigeria’s Crude Oil Production Increased To 1.3m BPD In July
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased to 1.3 million barrels per day (bpd) in July.According...
Dangote Refinery On Track For July Petrol Supply – Official
The Dangote oil refinery has reiterated its commitment of supplying petrol in July as promised.Vice President of Oil and Gas at Dangote Industries Limited,...
OIL BId Round: Fg Assures Conducive Investment Environment For Investors
The Nigerian Upstream Petroleum Regulatory Commission NUPRC has pledged the country’s commitment to break all entry barriers for would be investors.Commission’s Chief Executive, Gbenga...
Oil Theft: Police Arrest 58 Suspects, 2 Vessels In 2 Months
Inspector-General of Police, Olukayode Egbetokun says the Special Task Force on Petroleum and Illegal Bunkering has arrested 59 suspects and two vessels over oil...
Dangote Refinery Will Address Supply Shortages, Price Hike – Ipman
Oil marketers say the Dangote Refinery will address petroleum product shortage and price hike in the country.Chairman, Enugu Community depot in charge of Anambra,...
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 country’s population...
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 national debt...
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 that the...
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- Delta region.Minister...
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.The Public Relations officer of...
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.The government bemoaned...
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 marketers who...
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 their investments...
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 course and being...
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 efforts to develop...
#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.This was disclosed by...
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 state.This, the government...
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 of white...
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 of dwindling revenue...
