NNPC spends N966bn on pipeline repairs in 6 years The Nigerian National Petroleum Corporation (NNPC) has explained that it spent N966 billion to repair pipelines...
OPEC urges Nigeria, others to stick to production cut Mohammed Sanusi Barkindo, the Secretary-General of the Organisation of the Petroleum Exporting Countries has said OPEC and...
Nigeria loses N151.78bn crude oil monthly – NNPC Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum...
25,000MW deal: FG, Siemens sign pre-engineering contract The Federal Government and Siemens have signed a contract for the pre-engineering phase of the Presidential Power Initiative...
FG commissions 85KWP solar for Gombe rural users No fewer than 1,500 rural dwellers in Dakkiti, Akko LGA of Gombe State on Tuesday benefitted...
DPR targets $500m from marginal oilfield sale The Department of Petroleum Resources (DPR) says it plans to generate about $500 million from the sale of...
Nigerians spend N2.03trn on fuel in 13 months Within a 13-month period spanning November 2019 and November 2020, the Nigerian National Petroleum Corporation (NNPC)...
How Nigeria lost 41% in oil export proceeds Proceeds from oil export fell by a whopping 41.44 per cent to $2.033 billion in the first...
NNPC rakes in $120.49m crude oil revenue in September The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and...
FG bears 55% cost of power consumed by Nigerians, says minister Suspends controversial tariff hike The Federal Government of Nigeria is responsible for 55 per...
Nigerians kick as FG approve 50% electricity tariff increase Condemnation, anger and frustration are the words that capture expressions of many Nigerians, particularly in the...
NNPC revenue soars 37.3% TO N222.3bn in November The Nigerian National Petroleum Corporation (NNPC) recorded a gross revenue of N222.3 billion, excluding statutory and...
Nigeria targets N2.8trn revenue with new gas project Facility to provide 3.5m megawatts electricity in 25yrs About N2.8 trillion-revenue is expected from a new 200...
Seplat Petroleum, Waltersmith Refinery sign crude purchase agreement Seplat Petroleum Development Company Plc, has signed a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited....
AfDB approves $7m for mini-grid projects in Nigeria, others The Board of Directors of the African Development Bank (AfDB) has approved a $7 million grant...
NBS DATA: Nigeria imports petrol worth N1.62trn in 9 months Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from...
AKK Gas Pipeline: Nigeria secures fresh $2.21bn loan from China China has granted approval for a sum of $2.21 billion loan, representing 85 per cent...
The Director of Petroleum Resources (DPR), Sarki Auwalu, has promised to collaborate with the oil producers trade section (OPTS) of the Lagos Chamber of Commerce and...
Desmond Esorougwe, publisher and editor-in-chief of The Africa Brands magazine, has reiterated the need to properly profile the Africa oil & gas industry among its counterparts...
Nigeria’s oil production value surged to $2.7 billion as output hit 2.49 million barrels per day at the peak of COVID-19 in April, 2020. The last...