Royalty payments to FG rose 153% in 10 years – Seplat
Seplat Petroleum Development Company Plc, a Nigerian independent oil and gas company, has said its royalty payments to the Federal
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Energy
Ailing refineries cost Nigeria over $13bn in one year – MOMAN chair
The Chairman, Major Oil Marketers Association of Nigeria, Mr Adetunji Oyebanji, has said non-functional refineries cost Nigeria over $13 billion
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Nigeria losing 200,000 barrels of oil daily, says NNPC
Nigeria, Africa’s biggest oil producer, is losing an average of 200,000 barrels of crude oil daily. The Group Managing Director
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FG committed to reviving dormant oil facilities, says Auwalu
The Department of Petroleum Resources has said the Federal Government is committed to reactivating moribund oil and gas support facilities
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Nigerian Breweries completes 650kW solar plant, eyes hydropower
Nigerian Breweries Plc has announced the completion of the installation of a 650kW solar power plant in its Ibadan Brewery.
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NNPC rules out petrol price hike this month
The Nigerian National Petroleum Corporation has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) this
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Nigeria’s forex reserves fall below $36bn despite oil rally
Nigeria’s foreign exchange reserves have declined below $36 billion to the lowest level since Jan. 8, 2021 despite the recent
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DPR issues licence for Nigeria’s first floating LNG plant
The Department of Petroleum Resources announced on Monday that it had issued a licence to UTM Offshore Limited, an indigenous oil and
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NNPC records 54% increase in monthly trading surplus
The Nigerian National Petroleum Corporation has announced a trading surplus of N13.43 billion for November 2020, up by 54 percent
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Nigeria moves to keep investment flowing as oil majors slash spending
The Nigerian National Petroleum Corporation has said it is renegotiating commercial contract terms with major oil firms in the country,
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