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Oil & Gas - Page 85

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Business·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu Buhari’s subsidy regime that has gulped trillions of naira as

January 10, 2023

Inflation Hits 21.91%, As Nigerians Pay More For Bread, Yam, Others

Business·Oil & Gas

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

Former Chief Executive Officer of Neimeth Pharmaceutical, Sam Ohuabunwa, has asked President Muhammadu Buhari to bite a bullet to save Nigerians from multiple jeopardies. Ohuabunwa made this statement while addressing the impact of fuel subsidy on Nigerian economy, which he said has increased

January 9, 2023

News·Oil & Gas

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

Group Managing director, Nigeria National Petroleum Company Limited, Mele Kyari has said the challenges of distribution faced by marketers was responsible for the lingering fuel scarcity in the country. Kyari spoke on Thursday in Port Harcourt when the Minister of State, Petroleum,

January 6, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

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 General of the Federation (AuGF), the oil corporation didn’t provide

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 public presentation on Wednesday, where she broke down the budget

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 no fuel scarcity in the country. He said queues resurfaced

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 Opete, Udu local government area, Delta state, by Tompolo’s security

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 gathered that the depots had been shut down by the

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, the Oil Mining Licence (OML) 11 received a bid of

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 have been mounting pressure on Nigeria and other African countries

December 23, 2022

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Oil & Gas - Page 85

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

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

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