President Muhammadu Buhari has said that subsidy on petroleum product will be discontinued in 2023.
The President stated this while delivering his speech on the...
The Senate on Wednesday clashed with Nigerian National Petroleum Corporation Limited over legal basis of not honouring invitation by its relevant committees.
The NNPC in...
Abuja, Nigeria —
Nigeria is facing a record reduction in oil production, oil cartel OPEC reports, dropping from the first largest producer in Africa to...
The Federal Government has recovered a total of N2.6trillion revenue from oil firms following the Nigeria Extractive Industries Transparency Initiative, NEITI, National Assembly intervention.
NEITI...
Huge losses have forced Nigerian multinational oil company, Oando Plc, on the verge of voluntary delisting on the Nigerian Exchange Group (NGX).The company has...
— as production slumps by 11.63 million barrels
Revenues accruable to Nigeria from the sale of crude oil crashed by about N500.6bn between January and...
The House of Representatives has moved to investigate the petroleum products subsidy from 2017 to 2021 under the regime led by President Muhammadu Buhari.
The...
Group Managing Director of Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari, on Tuesday told lawmakers that the only way to tackle the rising...
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....
