A campaign against crude oil theft mounted this year by The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has highlighted the dangers of crude oil...
The Central Bank of Nigeria (CBN) has asked banks to submit bids for a “special currency auction” to clear the backlog of matured outstanding dollar obligations...
Nigerian Petroleum Development Company (NPDC), the exploration and production subsidiary of the Nigerian National petroleum Corporation (NNPC) lost N1.5 trillion in 2016 due to attacks on...
AS part of the planned restructuring of the Nigerian National Petroleum Corporation, Minister of state for Petroleum, Resources Ibe Kachikwu has recommended for the establishment of...
A new refinery is currently being constructed in Akwa Ibom state where its governor, Udom Emmanuel, has performed the official foundation laying ceremony. The new 100,000-barrel...
Group Managing Director of NNPC, Dr. Maikanti Baru, has thrown his weight behind the newly introduced Petroleum Industry Governance Bill (PIGB) by the National Assembly,...
Members of the Organisation of Petroleum Exporting Countries (OPEC) have agreed to cut production — the first in eight years—by 1.2 million barrels per day...
The House of Representatives on Tuesday faulted the current pricing template for Premium Motor Spirit, better known as petrol, saying that a realistic pump price should...
Nigeria has saved $15.4bn as a result of the elimination of subsidy on petroleum products since May this year, the Minister of State for Petroleum Resources,...
The Federal Government has warned the people of Niger Delta region that the destruction of oil facilities will ultimately destroy their livelihoods, aspirations and future. Vice...