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Petroleum

We’re yet to be paid N800 billion subsidy – petrol marketers

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.
Africa's richest man Aliko Dangote

Aliko Dangote: I am not against signing AfCFTA

Africa’s richest man, Aliko Dangote, has said he is not the one preventing the Federal Government from signing the Africa Continental Free Trade Agreement, AfCFTA.

House of Reps summons NNPC over alleged fraudulent deal with Chinese firm

The Nigerian National Petroleum Corporation (NNPC) has been summoned to appear before the House of Representatives’ Committee on Petroleum Resources (Downstream) to respond to an allegation that it granted unofficial approval to a Chinese firm to lift over 80 trillion metric tonnes of Low Pour Fuel Oil (LPFO).

Senate queries federal government for non-payment of approved petrol subsidy

The Senate Committee on Petroleum (Downstream) has criticised the federal government for not paying the subsidy claims by petroleum product marketers despite approval by the National Assembly since July.

Two NSCDC officers arrested over pipeline vandalisation

Two officials of Nigeria Security and Civil Defence Corps, NSCDC, have been arrested by members of the Inspector General of Police Special Task Force on Petroleum, Illegal Bunkering and Adulteration in Sagamu, Ogun State, for breaking into Nigerian National Petroleum Corporation, NNPC, pipelines to siphon oil.

Gunmen abduct four oil workers in Bayelsa

Suspected kidnappers operating in the creeks of Bayelsa State have reportedly abducted four oil workers along the waterways of Southern Ijaw Local Government Area.
Qatar Petroleum said it is boosting its natural gas production by adding a fourth liquefied natural gas (LNG) production line to raise capacity from the North Field to 110 million tonnes a year.

Qatar to increase gas production amid GCC rift

Qatar Petroleum said it is boosting its natural gas production by adding a fourth liquefied natural gas (LNG) production line to raise capacity from the North Field to 110 million tonnes a year.

Senator Marafa: Why Governor Yari should resign

Chairman, Senate Committee on Petroleum, Senator Kabiru Marafa, yesterday said that the Zamfara State governor, Abdulaziz Yari was supposed to resign as a governor if he has conscience for saying that he had resigned as the Chief Security Officer of the State.

IPMAN urges federal government to boost capacity of refineries, abolish importation

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Federal Government to improve efforts in ensuring enhanced capacity of the refineries in the country and depots to end fuel importation.

Osun guber: APC names 14 governors, eight ministers, others in campaign committee

The chairman of the All Progressives Congress (APC), Adams Oshiomhole, has inaugurated a 63-member committee to handle the September 22 Osun State governorship election.
Ambassador Torben Getterman

Nigeria export to Denmark rises by 157 percent in 2018 – envoy

Denmark ambassador to Nigeria, Torben Gettermann, says Nigeria export to Denmark rose by 156.6 per cent within the first three months of 2018 in relation to the same period in 2017.

NBS: 165.7m litres of LPG imported into Nigeria in Q2

The National Bureau of Statistics (NBS) said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the second quarter of 2018.

Eid-el-Kabir: Marketers urge NNPC to pump fuel to Ejigbo Depot

Petroleum Marketers have appealed to the Nigerian National Petroleum Corporation to make fuel available at Ejigbo Depot in Lagos to avert looming fuel scarcity during the forthcoming Eid-el-Kabir festival.

Federal government saves $1 billion through direct sale of crude oil

Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has confirmed huge benefit accruing to the country following the replacement the offshore processing arrangement (OPA) and crude oil swap with the Direct Purchase of Petroleum Products (DSDP).

NBS: Nigeria imports 4.79 billion litres of petrol

The National Bureau of Statistics (NBS), said that 4.79 billion litres of Premium Motor Spirits (PMS) was imported into the country in the second quarter.

Governor Emmanuel accuses federal government of withholding Akwa Ibom’s oil derivation funds

The Akwa Ibom state government has accused the federal government of withholding billions of naira belonging to the state.
Donald Trump

Trade war: American consumers face prospect of higher prices for everyday goods

The US economy may be roaring ahead, but American consumers face the prospect of paying more for everyday goods, due in part to trade tariffs.
Nigeria Stock Exchange

NSE All-Share Index rebounds Bb 0.45 percent

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.45 per cent, halting three days of decline.

Recent Stories

Police vows to track down killers of DELSU student

The Police in Delta State has vowed to track down killers of the Delta State University (DELSU) student, Elizino Joshualia Ogege who was gruesomely murdered by persons suspected to be ritual killers.

Farouk Lawan demanded $500,000 bribe – Femi Otedola tells court

Businessman, Femi Otedola, on Wednesday, revealed that a former House of Representatives member, Farouk Lawan, demanded a $500,000 bribe from him to remove his company, Zenon Petroleum and Gas Limited from the list of oil companies allegedly involved in fuel subsidy fraud.

Yahaya Bello promises N100 million reward for information on aide’s killers

Governor Yahaya Bello of Kogi has promised a N100 million reward to anyone with information that could lead to the arrest of those that killed Malam Yusuf Adabenege, his Special Adviser on Culture and Tourism.

Kogi: Why we shut telecoms facilities

The Kogi state government on Wednesday countered the claims of the Association of Licensed Telecommunications Operators (ALTON) over the shutting down of facilities in the State, saying the action was based on court orders.
Turkish President Recep Tayyip Erdogan makes a speech during Turkey's ruling Justice and Development (AK) Party’s provincial chairmen meeting at the party headquarters in Ankara on March 30, 2018. - AFP PHOTO - ADEM ALTAN

Recep Erdogan takes aim at George Soros over jailed Turkish philanthropist

Turkish President Recep Tayyip Erdogan on Wednesday accused George Soros of aiding a jailed Turkish philanthropist facing hugely controversial charges of seeking the overthrow of the government, describing the Hungary-born American billionaire as a "famous Hungarian Jew".