Category: Business
NNPC clears air on alleged $22 billion brass LNG project cost
Contrary to speculation that the Brass LNG has gulped $22 billion, the Nigerian National Petroleum Corporation (NNPC) has confirmed that the actual historical amount...
Petrol landing cost now N180 per litre, says Kachikwu
The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr...
Develop models for predicting oil industry boom-burst cycle, Baru tells energy economists
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on members of the Nigerian Association of Energy...
Oil slips to $71, hit by talk of higher OPEC+ production
Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with...
Fear of fuel scarcity grips Kano
There is fear of fuel scarcity in some local government areas of Kano State on Monday, following the reluctance of some marketers to dispense the Premium Motor Spirit...
On the IMF’s policy prescriptions, by Uddin Ifeanyi
Chances are that this time next year, we’d be treading the IMF’s baseline scenario. For, of course, every Nigerian knows that these people from the Fund have...
Fuel scarcity hits Osun
Despite assurances of availability of Premium Motor Spirit by Federal Government, many petrol stations in Osun were not selling the product, the News Agency of Nigeria...
No immediate plan to remove fuel subsidy- FG
Federal government on Sunday said there is no immediate plans to remove subsidy on petroleum products. The minister of Finance, Zainab Ahmed who made this known at the...
ExxonMobil debunks rumor of its exit from Nigeria
The Honorable Minister of State for BBB Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Saturday 13th of April visited the ERHA FPSO operated by ExxonMobil Nigeria....
We have sufficient fuel, Kachikwu assures Nigerians
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Sunday assured Nigerians that there is sufficient Premium Motor Spirit (petrol) in the country....
