Category: Business
Shell, ExxonMobil strike crude swap deals with Nigeria
Two oil giants, Shell and ExxonMobil, who had previously exited Nigeria’s downstream sector, could sign crude-for-product deals with Africa’s largest oil producer....
EFCC removes oil magnate Benedict Peters from dreaded ‘wanted’ list
The Nigeria’s anti-graft agency, Economic and Financial Crimes Commission (EFCC), has removed the name of the Executive Vice Chairman of Aiteo Group, Benedict Peters,...
Nigeria suffers 1,858 pipeline vandalism points in one year
Nigeria, Africa’s biggest crude exporter, has suffered a total of 1,858 vandalized points on its over 5, 000 kilometers pipelines network in just one year. The...
44 fuel depot owners jittery as Dangote mulls 65.4m litres daily output
Over 44 importers and owners of fuel depots in Nigeria are jittery as Dangote advanced works on its refinery billed to produce and truck-out 65.45 million litres daily....
Again, NNPC debunks report of looming petroleum products shortages
The Nigerian National Petroleum Corporation (NNPC), has dispelled insinuations of an impending petroleum products scarcity in the country. A release today in Abuja by...
Good news: Natural gas production up by 8 per cent
A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17 Million Standard Cubic Feet...
PIGB: PPPRA, DPR’s job loss, mass transfer tension altered
The mass job loss and staff transfer rocking the Department of Petroleum Resources (DPR) and Petroleum Products Pricing Regulating Agency (PPPRA) have been altered. This...
N3.5bn not missing – NNPC
The Nigerian National Petroleum Corporation (NNPC), Thursday in Abuja denied the existence of an alleged $3.5bn subsidy slush fund for underhand payments of...
Availability of PMS: NNPC, BP sign supply agreement
Increase or no increase on pump price of petroleum products, the Nigerian National Petroleum Corporation (NNPC) continues to explore all measures to sustain the robust...
NNPC subsidizes per litre of Petrol with N40
The Group Managing Director ( GMD) of the Nigeria National Petroleum Corporation ( NNPC) , Mr Maikanti Baru on Thursday revealed that the Coporation is subsidizing per...
