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Why Diesel, Cooking Gas Are Costly, By NNPC Boss

Group Managing Director of Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari, on Tuesday told lawmakers that the only way to tackle the rising...

UTM Offshore, Afreximbank sign $11.4bn financing deal

African Export-Import Bank has signed a financing deal with UTM Offshore Limited This deal was signed at its 29th Annual Meetings in Cairo, Egypt recently....

Nigeria: Govt Hands Over 57 Oil Fields to Matrix, Ardova, Others

Fifty-seven oil fields located onshore and swamps of the Niger Delta were yesterday handed over to local oil companies by the Federal Government, with...

NLNG Rekindles Hope In Local Production Of Cooking Gas

Nigeria LNG Limited has reiterated its commitment to 100% of its Liquefied Petroleum Gas (LPG) production to the domestic market to support the growth...

Maiduguri gas plant gets November completion date

The Nigerian National Petroleum Corporation (NNPC) independent gas-powered plant in Maiduguri, Borno State, will be completed by November 2022. Group Managing Director (GMD) of NNPC,...

Fuel subsidy, refinery rehabilitation gulped N1.3tn in five months – NNPC

The amount spent as subsidy on Premium Motor Spirit, popularly called petrol, and on refinery rehabilitation between January and May this year was N1.301tn,...

Petrol subsidy hits N2.84trn in 17 months

Petrol subsidy grew by 190.62 percent in the first five months of 2022 to hit N1.274 trillion compared to N438.36 billion recorded over corresponding...

Fuel subsidy: Steps for incoming administration

The unending challenge of fuel subsidy, long fuel queues and the attendant overwhelming corruption associated with the subsidy has defied common sense and the...

Again, NNPC Fails to Remit Monies to Federation Account in May as Petrol Subsidy Hits N1.27trn

The inability of the Nigerian National Petroleum Company Limited (NNPC) to carry out its statutory obligations to the federation continued for the fifth month...

NNPC, Ogun Applaud Rainoil At 25

The group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari and the governor of Ogun State, Prince Dapo Abiodun...

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