The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria needs to move away from the petrol subsidy regime to end its ‘opaqueness’, adding that Nigeria’s...
The Nigerian National Petroleum Company Limited has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were pumped into revamping the facilities on...
Aliko Dangote, chairman of Dangote Group and Africa’s richest person, says the refinery will begin processing crude by the third quarter of 2022. According to Bloomberg, the...
Foreign investors appear to have boycotted the Nigerian market as capital importation has dropped by $4.08bn (N1.68trn) in one year, latest statistics have shown Between January...
Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month amid lingering supply disruptions, according to...
The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but ruled out any hike in the...
The Federal government is tacitly prevailing on the Central Bank of Nigeria (CBN) to allow the national currency – Naira – to reflect market realities. In...
The leadership of the Nigeria Union of Petroleum and Natural Gas workers on Sunday announced the suspension of the intended withdrawal of the services of Petroleum...
Human rights lawyer, Mr. Femi Falana (SAN), has written a letter to the Attorney-General of the Federation, Abubakar Malami (SAN), threatening to sue the AGF if...
The Senate on Wednesday justified the President, Major General Muhammadu Buhari (retd.)’s plan to obtain $4.054bn and €710m ($$839m) loans. The Chairman of the Senate Committee...
