Oil & Gas - Page 76

NNPCL Denies Inflating Fuel Subsidy Payments

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigerian National Petroleum Company (NNPC) Limited said it remitted earnings from the 17.877 million barrels of crude it exported contrary to allegations against the firm. According to several reports quoting the Auditor

Fakoyejo Olalekan

January 6, 2023

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

Business·Oil & Gas

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Nigeria’s Finance Minister, Zainab Ahmed, has disclosed that the country’s fuel subsidy payment in six months will surpass the revenue earned from oil sources within 12 months. Ahmed said this at the

Fakoyejo Olalekan

January 5, 2023

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

Business·Oil & Gas

Oil Marketers Blame Nigerians For Queues At Filling Stations, TUC Demands N180/Litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has faulted Nigerians for the long queues at filling stations across the country. According to the National Operations Controller of IPMAN, Mike Osatuyi, there’s

Fakoyejo Olalekan

January 3, 2023

Business·Oil & Gas

Tompolo Discovers Illegal Oil Bunkering Station, Crude Oil Tanker, Arrest Two

The Nigerian National Petroleum Corporation (NNPC) Limited has destroyed an illegal filling station discovered by the former militant leader, Chief Government Ekpemupolo, aka Tompolo. According to reports, the discovery was made in

Fakoyejo Olalekan

January 2, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Oil & Gas

Oil Marketers Demand FG Release Fuel From Seized Depots, Sell PMS At N148 Per Litre

The Federal Government has been asked to dispense Premium Motor Spirit, popularly called petrol, from the products trapped in the seven depots shut down by authorities at the weekend. Prime Business Africa

Fakoyejo Olalekan

January 2, 2023

Oilfield Sale: Setback for Sahara Energy, As Reps Accuse Firm, FG Of Illicit $250 million Deal

Business·Oil & Gas

Lawmakers Accuse Sahara Energy, Buhari Govt Of $250 million Illicit Oil Deal

The House of Representatives has accused Sahara Energy Limited and the Federal Government of illicit deal relating to the auction of the Oil Mining Licence (OML) 11. According to the lower chamber,

Fakoyejo Olalekan

December 29, 2022

'Illegal Mining Threatens Nigeria's Economic Growth'

Business·Insights·Oil & Gas

UK’s Coal Mining Approval Gives Credence To Hypocrisy Allegation

The decision of the United Kingdom to approve a coal mine operation in Cumbria, in December, has given credence to the labelling of western countries as ‘hypocritical’ among developing nations. Developed countries

Fakoyejo Olalekan

December 23, 2022

Business·Oil & Gas

Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

The Presidential Candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, has said he will remove subsidy on Premium Motor Spirit (PMS), also known as petrol if elected in 2023 election.

Fakoyejo Olalekan

December 23, 2022

Nigeria’ll Become More Industrialised With Robust Investment In Gas'

Oil & Gas

‘Nigeria Will Become More Industrialised With Robust Investment In Gas’

Nigeria has proven gas reserves of about 206.53 trillion cubic feet valued at over $803.4 trillion as the Minister of State for Petroleum Resources, Chief Timipre Sylva

Victor Ezeja

December 20, 2022

Oil & Gas

61 Oil Firms Access $293.26m Of $300m NCDMB Intervention Fund

Sixty one companies in the oil and sector have accessed a total of $293.26 million (N32.8 billion) out of $300 million Nigerian Content Intervention Fund (NCIF) as at November 2022.

Victor Ezeja

December 20, 2022

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Oil & Gas - Page 76

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Oil Marketers Blame Nigerians For Queues At Filling Stations, TUC Demands N180/Litre

Tompolo Discovers Illegal Oil Bunkering Station, Crude Oil Tanker, Arrest Two

Oil Marketers Demand FG Release Fuel From Seized Depots, Sell PMS At N148 Per Litre

Lawmakers Accuse Sahara Energy, Buhari Govt Of $250 million Illicit Oil Deal

UK’s Coal Mining Approval Gives Credence To Hypocrisy Allegation

Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

‘Nigeria Will Become More Industrialised With Robust Investment In Gas’

61 Oil Firms Access $293.26m Of $300m NCDMB Intervention Fund

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