NUPRC set to amend domestic crude supply regulations
The Nigerian Upstream Petroleum Regulatory Commission is set to amend the Domestic Crude Supply Obligations Regulations 2023. The commission stated this in a notice signed by the Chief Executive of…
Dangote makes U-turn, commends NNPC over 60% supply of crude oil
In what appears a major shift from previous clam by the Dangote Refinery, the Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman on Wednesday, stated that 60…
Dangote Refinery to sell remaining NNPC 12.7% stake – rating agency
The Dangote Refinery is planning to sell a 12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a credit rating agency says in a report released on Monday.…
FG spends $600m on fuel importation monthly – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends $600m on fuel importation monthly. He stated that the high import…
Abati makes case for Mele Kyari over Reps’ dismissal request
Dr. Reuben Abati, a veteran journalist and former Senior Adviser on Media and Publicity to former President Goodluck Jonathan, on Monday, dismissed call by a fragment of the House of…
Tinubu commends increased crude production to 1.61 mbpd
| Says output surge buoyed by reforms he announced in May 2024 to address gaps in PIA President Bola Tinubu on Sunday declared a resurgence in the oil & gas…
New twist in Dangote diesel quality debacle
| As Abuja based online newspaper provides shocking details Following a comprehensive analysis of data sourced from certified laboratory results and delivery records, Abuja based Newspaper, Politics Nigeria, reports that…
Tinubu directs NNPC to sell crude oil to Dangote Refinery in naira
President Tinubu has extended anoffer of support to the Dangote Refinery by proposing that NNPC sells crude to the refinery in Naira, providing a valuable lifeline. In order to maintain…
Why there’s petrol scarcity in Lagos, Abuja, others- NNPC
The Nigerian National Petroleum Company Limited (NNPC) has blamed the current fuel scarcity on challenges in the supply and distribution chain. Olufemi Soneye, NNPC’s chief corporate communications officer, said in…
Fuel Subsidy Hits N700billion Monthly Under Tinubu Amid Crisis In Nigerian Oil Sector
As crisis continues to rock Nigeria’s oil sector, it has been revealed that fuel subsidy currently gulps over N700billion monthly under the Bola Tinubu-led Nigerian government. The Secretary of the…