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