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Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year,...
The Federal Government of Nigeria has recovered a total of N2.6 trillion in revenue from oil companies following the Nigeria Extractive Industries Transparency Initiative (NEITI) and...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it disbursed a total of 103,037,183,922.91 billion Naira bridging claims to oil marketers between December 2021...
Another round of scarcity of Premium Motor Spirit, popularly called petrol, is imminent in Abuja, Kaduna, Nasarawa, Kogi, Niger and neighbouring states following the commencement of...
In response to the alleged inflation of petrol imports and consumption in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has insisted that average petrol supply...
The House of Representatives Ad-hoc Committee on Fuel Consumption has begun the assessment of the volume of petroleum products being consumed in the country daily, the...
The arrest of a supertanker with capacity for three million barrels of oil, about three times the one million barrels per day (bpd) currently being produced...
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Thursday disclosed that the federal government spends an estimated N18.397 billion daily on petrol...
A top member of the Organisation of Petroleum Exporting Countries (OPEC) Saudi Arabia, has through its Sovereign Wealth Fund (SWF) invested $7.5 billion in blue-chip American...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday affirmed that the status quo remains with respect to the ExxonMobil/Seplat Energy share acquisition. The clarification by...
