OPEC have said that after long years of embarrassing low oil prices, the global oil market is moving closer to reaching a healthy balance between supply...
The Petroleum Products Marketing Company (PPMC) has faulted the calls by federal legislators for PPMC to appear before the legislators to explain why the company paid...
Since the commencement of direct sales of Premium Motor Spirit, popularly known as petrol, to independent oil marketers by the Nigerian National Petroleum Corporation (NNPC), checks...
Senate President, Bukola Saraki, has said the reintroduction of fuel subsidy by the Nigerian National Petroleum Corporation (NNPC) is fraudulent and filled with discrepancies. Reacting to...
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....