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Oil & Gas - Page 75

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Business·Oil & Gas

Fuel Subsidy Scam: Tinubu Should Order Audit Of Payments, Prosecute Culprits – ex-TUC President

Former President of the Trade Union Congress (TUC), Mr Peter Esele, has called on President Bola Tinubu to order a comprehensive audit of fuel subsidy payments over the years. Mr Esele said the issue of scams around the fuel subsidy scheme is

June 27, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Involved In Fuel Subsidy Scam Before Removal, Yuguda Reveals

The Former Governor of Bauchi State, Isa Yuguda, has accused the Nigerian National Petroleum Company (NNPC) Limited of enabling a fuel subsidy scam before its removal. Yuguda said the NNPC collaborated with the oil marketers in running a fuel subsidy scam by

June 26, 2023

Business·Oil & Gas

Bauchi Ex-gov Reveals He has A Friend Tired Of Making Money From Fuel Subsidy Scam

A former governor of Bauchi State, and former minister of Aviation, Isa Yuguda, has revealed that one of his friends benefited significantly from the fuel subsidy scam. Yuguda said the friend, operating in the oil sector, disclosed to him and a former

June 26, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

Six oil companies have been given the approval to import petroleum products into Nigeria, starting from July 2023, the Managing Director of the Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed, disclosed. Ahmed, on Monday, 19 June, said the companies

June 20, 2023

Seplat Shareholders Demand Sack Of CEO, Board Amid Legal Fees Controversy

Business·Oil & Gas

FG Lifts Ban On Seplat CEO, Roger Brown, Returns Visa, Work Permits

Seplat Chief Executive Officer, Roger Brown, has been allowed to return to Nigeria after the Federal Government returned his seized visa and work permits. Brown’s work permit, Combined Expatriate Residence Permit and Aliens Card (CERPAC) and other visas for entry or stay

June 13, 2023

Business·Oil & Gas

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

As reactions continue to trail the announcement of fuel subsidy removal by President Bola Tinubu, a Professor of Political Economy, Pat Utomi, has advised the Federal Government to grant licences to private investors to set up modular refineries. Prof. Utomi, who stated

June 12, 2023

Business·News·Oil & Gas

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

To ensure inclusive, impactful and sustainable palliative measures on fuel subsidy removal, there are at least 26 things the Nigerian government must do in the immediate, short and medium term, according to the Centre for the Promotion of Private Enterprise (CPPE). The

June 11, 2023

Ex-NNPCL Boss Kyari Denies Being In EFCC’s Custody

Business·Oil & Gas

NNPC Says Kyari Erroneously Increases Firm’s Net Profit To N687 trillion

The Nigerian National Petroleum Company (NNPC) Limited has disclosed that its Group Chief Executive Officer (GCEO), Mele Kyari, erroneously put the firm’s profit after tax for the 2021 financial year at N687 trillion. Kyari, during an interview with Arise TV last week Thursday,

June 9, 2023

Business·Oil & Gas

ExxonMobil Top Officials Visit Tinubu After Buhari Dashed Seplat CEO’s Hope

Top officials in ExxonMobil visit President Bola Tinubu on Thursday amid a delay in the $1.28 billion asset deal between the firm and Seplat Energy. Prime Business Africa previously reported that ExxonMobil sealed a deal with Seplat to sell its shares in

June 9, 2023

Business·Oil & Gas

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

Nasarawa State Governor, Abdullahi Sule, disclosed that over $19 billion used to build Dangote Refinery was spent by former President Muhammadu Buhari to maintain the government-owned refineries. Sule said the refineries in Kaduna, Port Harcourt and Warri, belonging to the government, have

June 9, 2023

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Oil & Gas - Page 75

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Fuel Subsidy Scam: Tinubu Should Order Audit Of Payments, Prosecute Culprits – ex-TUC President

NNPC Involved In Fuel Subsidy Scam Before Removal, Yuguda Reveals

Bauchi Ex-gov Reveals He has A Friend Tired Of Making Money From Fuel Subsidy Scam

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

FG Lifts Ban On Seplat CEO, Roger Brown, Returns Visa, Work Permits

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

NNPC Says Kyari Erroneously Increases Firm’s Net Profit To N687 trillion

ExxonMobil Top Officials Visit Tinubu After Buhari Dashed Seplat CEO’s Hope

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

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Oil & Gas - Page 75

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