Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry
The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.
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House Of Reps Reveal Probe Demands, As Lawmakers Summon Finance Minister Over Subsidy Payments
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has been summoned by the House of Representatives, as the lawmakers begin to probe the subsidy regime. Ahmed was directed to appear before the Ad Hoc Committee investigating the fuel subsidy regime,
Ardova Reacts To Takeover Threat, As Majority Investor Faces Lawsuit
Oil and gas firm, Ardova, has denied it is winding up, after Femi Otedola’s Zenon Petroleum and Gas Limited filed a case against its majority shareholder, Prudent Energy & Services Limited (PESL). In 2019, Otedola had sole his 74.02% stake in Ardova
Nigeria’s Oil Regulator, NUPRC, Blocks Seplat, ExxonMobil’s Acquisition Deal, After Buhari’s Approval
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has denied the approval of Seplat’s acquisition of ExxonMobil’s Nigerian subsidiary. On Monday, Seplat had announced that President Muhammadu Buhari has approved the acquisition of Mobil Producing Nigeria Unlimited
President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary
The Federal Government has approved Seplat’s acquisition of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, after the Nigerian National Petroleum Company (NNPC) initially block the deal. In a statement released on Monday to the capital market, Nigerian Exchange Limited (NGX),
UN Criticises Oil Companies For Making Over $100 billion In Three Months
The secretary-general of the United Nations, António Guterres, has condemned oil and gas companies for taking advantage of the rising price of crude oil to increase their earnings in the first quarter of 2022. Combined profits of some of the largest energy
Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike
The Minister of State for Petroleum Resources, Timipre Sylva, has blamed Nigerian oil marketers for the increase of fuel price across filling stations within the country, amid scarcity. Sylva said the government hasn’t given approval for price increase, arguing that oil marketers
Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism
Seplat Energy has commenced transportation of crude through the new Amukpe-Escravos pipeline in Niger Delta, as the oil and gas company looks to reduce it dependence on Trans Forcados System. The firm had previously been using the Trans Forcados System as route
Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch
The former chief executive of Seplat Energy, Austin Avuru, has experienced a setback in his tell-all book set for release on August, after the Federal Capital Territory High Court in Bwari, shutdown the launch. Avuru had authored the book titled; “My Entrepreneurship
Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling
The Group Managing Director of Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has concluded plans to sack 500 workers, one week after the corporation officially launch its private brand. NNPC Limited sent a email to the affected workers, giving them till
FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction
The Nigerian National Petroleum Company (NNPC) Limited has officially been unveiled by President Muhammadu Buhari, as the era of the Nigerian National Petroleum Corporation comes to an end. President Buhari said the new NNPC Limited will be self-financed, without funding from the
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