Oil & Gas - Page 74

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the reason Nigerians are experiencing fuel scarcity is that the product is in the wrong locations. Kyari

Fakoyejo Olalekan

February 9, 2023

Business·Oil & Gas

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Ignite Investments & Commodities Limited has informed Ardova investors that the majority shareholder is willing to buy their stake for N17.38 per share to take the company private. In a statement dated

Fakoyejo Olalekan

February 7, 2023

Business·Oil & Gas

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

The Labor Party’s presidential candidate, Peter Obi, has revealed the oil industry can aid in reducing the suffering of Nigerians. Obi said ensuring Nigeria is dependent on local refineries will reduce the

Fakoyejo Olalekan

February 6, 2023

DSS warns Against Breakdown Of Law, Order After March 18 Polls

Business·Oil & Gas

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

The Federal Government shut down over 270 filling stations amid scarcity of Premium Motor Spirit (PMS) and a hike in pump prices across several retailers. According to the government on Thursday, the

Fakoyejo Olalekan

February 3, 2023

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting

Fakoyejo Olalekan

February 1, 2023

Edo Receives 784,000 Litres Of Fuel As Task Force Set To Begin Monitoring Distribution, Pricing

News·Oil & Gas

Fuel Scarcity: Edo Receives 784,000 Litres Of Petrol, Task Force Set To Monitor Distribution, Pricing

Edo State Government has said it is stepping up efforts to find lasting solutions to distribution challenges and price hikes of petroleum products in the state, noting that the state has received

Victor Ezeja

February 1, 2023

NCDMB, BOI Launch $50m Fund For Oil Industry Manufacturing

Oil & Gas

NCDMB Pledges Continuous Support To Local Content Development In Africa

The Nigerian Content Development and Monitoring Board (NCDMB) is ever ready to support other African nations in developing and implementing local content policies as a strategy for improving indigenous participation and value

PBA Reporter

January 31, 2023

News·Oil & Gas

Fuel Scarcity Protest In Edo Enters Day 2, As Youths Block Benin-Lagos Expressway

Protest over fuel scarcity which started in parts of Edo State on Monday morning, entered Tuesday, with angry youths blocking major roads in the state including the Benin-Lagos Expressway. A video of

Victor Ezeja

January 31, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Norwegian Oil Firm To Reduce Business In Nigeria, Sell $3.5 billion Oilfield Stake

Investment bank, Standard Chartered, has been hired by Norwegian energy firm, Equinor, to sell its stake in the offshore Agbami oilfield. Equinor opted to sell the stake due to a reduction in production

Fakoyejo Olalekan

January 27, 2023

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Business·Oil & Gas

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

President Muhammadu Buhari, who also doubles as Minister of Petroleum Resources, has created a 14-man Steering Committee on Petroleum Products Supply and Distribution management. Buhari instituted the committee to probe and resolve

Fakoyejo Olalekan

January 25, 2023

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Oil & Gas - Page 74

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Fuel Scarcity: Edo Receives 784,000 Litres Of Petrol, Task Force Set To Monitor Distribution, Pricing

NCDMB Pledges Continuous Support To Local Content Development In Africa

Fuel Scarcity Protest In Edo Enters Day 2, As Youths Block Benin-Lagos Expressway

Norwegian Oil Firm To Reduce Business In Nigeria, Sell $3.5 billion Oilfield Stake

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

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