NIGERIA’S state oil firm, NNPC Ltd, and TotalEnergies are set to invest $550 million in developing a gas processing facility in Rivers State to enhance exports and domestic supplies. An NNPC source, speaking anonymously due to lack of authorisation, confirmed…
NIGERIAN National Petroleum Company (NNPC) Limited management, l3d by Group.Executive Officer Mele Kyari has been invited to appear before the House of Representatives committee on public petitions for alleged “diversion” of $72 million belonging to De Coon Services Limited, an…
THE Federal Government on Wednesday inaugurated three critical gas infrastructure projects in Imo and Delta to drive the country’s gas sector. President Bola Tinubu, while inaugurating the projects virtually, expressed delight and congratulated Nigerians for the achievements recorded within months…
THE Nigerian National Petroleum Company (NNPC) Limited has been reported to owe around $3 billion to oil traders for imported petrol. Five sources close to the matter revealed to Reuters that the national oil company is, however, clearing the overdue…
THE Nigerian National Petroleum Company Limited (NNPC) said that Nigeria would need between $10 billion and $15 billion in the next two to three years to ramp up its existing gas infrastructure. The Group Chief Executive Officer of the NNPC,…
THE Executive Vice President, Gas, Power and New Energy, Nigerian National Petroleum Company Ltd, Mr. Olalekan Ogunleye has identified transparency, accountability, research, technology and innovation as key drivers of the ongoing transformation in the company. Ogunleye disclosed this while speaking…
OIL marketers, on Wednesday, said the supply of Premium Motor Spirit, popularly called petrol, had not yet stabilise and this was why queues were still prevalent in many parts of Nigeria, aside Abuja where it had reduced. Reacting to the…
OIL marketers, on Monday, criticised the import monopoly held by the Nigerian National Petroleum Company Limited, noting that the situation was not helping the petrol market. In his presentation at a virtual press workshop themed, ‘Deregulation: Understanding the Downstream Supply…
THREE days after the Federal Government denied that it planned to hike the pump price of petrol, independent marketers have raised their price to N280 per litre. Checks on petrol situations in Abuja on Saturday morning showed that while NNPC…
•There will not be fuel price hike during Yuletide period, says govt •NMDPRA assures motorists current stock can last for 34 days •Govt can’t continue subsidy amid diversion – NNPC source For the first time in weeks since the scarcity…
