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The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some Nigerian oil firms beneficiaries.
The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).
The Nigerian National Petroleum Corporation (NNPC) could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official told Reuters on Monday.
Oil prices hit a four-year high of $81.48 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil.
Oil prices jumped more than two per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production.
Nigeria is expecting to take delivery of military weapons and aircraft from Jordan, China and the United States to reinvigorate its anti-terror war, President Muhammadu Buhari said yesterday. The meeting also agreed that poverty and youth unemployment are at the root of the nationwide security challenges, and needed to be addressed with greater vigour by all tiers of government.
Geoffrey Onyeama, the Minister of Foreign Affairs, on Wednesday announced that he has recovered from COVID-19.
The Department of State Services (DSS), has invited a former Deputy Governor of the Central Bank of Nigeria and stakeholder in Southern Kaduna, Dr. Obadiah Mailafia, to its Jos office over the comment he made recently about a Northern governor being the commander of Boko Haram.
There was palpable fear and apprehension at the popular Ophoke-Abba market, Kpiri-Kpiri in Abakaliki, Ebonyi State capital, following the discovery of a substance suspected to be an Improvised Explosive Device (IED).
Court restrains Edo government from publishing defamatory materials against Idahosa Okunbo, Adams Oshiomhole
An FCT High Court on Tuesday restrained the Edo government from publishing any defamatory materials against businessman, Capt. Idahosa Okunbo, and former National Chairman, All Progressive Congress (APC), Adams Oshiomhole.
Former President Olusegun Obasanjo says the former lawmaker from Ogun state, the late Buruji Kashamu used law and politics to escape from facing justice on alleged criminal offence.
Antonio Rudiger has talked up the talents of Callum Hudson-Odoi, while insisting his Chelsea team-mate will want to prove a point against Bayern Munich in the Champions League.
Christian Pulisic is set to miss the start of the 2020/21 Premier League season with a hamstring injury, Chelsea boss Frank Lampard has confirmed.
The Independent National Electoral Commission (INEC) has fixed 12 state and national assembly bye-elections for October 31.
Unending vandalisation of oil and gas assets and petroleum products theft continue to impact the country negatively, as the Nigerian National Petroleum Corporation, NNPC, weekend, disclosed that it spent N35.74 billion on pipeline repairs and management in five months, between January and May 2020.