The House of Representatives on Wednesday faulted the payment of N300bn in 2017 as subsidy on petrol by the Nigerian National Petroleum Corporation (NNPC) with approval...
Russian oil giant Lukoil has opened preliminary talks with Brazilian state owned oil giant Petrobras regarding a purchase of its assets in Nigeria. Petrobras Africa has stakes in two...
Oil prices hit their highest levels since 2014 on Wednesday, January 10, due to ongoing production cuts led by OPEC as well as healthy demand, although...
Renowned economist Bismack Rewane have asked the government to come out clean regarding the ongoing debate on fuel subsidy in the country. He said the government...
Indications has revealed that Nigeria’s economy will look good this year are still emerging. The latest is the price of Nigeria’s Bonny Light crude oil which...
NNPC’s Group Managing Director Maikanti Baru has revealed that no fewer than 4,500 trucks of petrol were diverted at the height of fuel scarcity in December....
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the current price of N145 per litre for Premium Motor Spirit (PMS), popularly called petrol...
Hon. Idu Igariwey, a member of the House of Representatives representing Afikpo North/South federal constituency, Ebonyi state, has urged the federal government to withdraw the licenses of...
Oil marketers on Wednesday agreed with the Federal Government to allow the pump price of petrol to remain at N145 per litre, reversing their previous...
The Federal Government and critical stakeholders in the nation’s oil and gas sector on Tuesday inaugurated a committee saddled with the responsibility of finding long-term solutions...