Seplat posts $85.3m annual loss amid ‘lowest oil prices’
Seplat Petroleum Development Company Plc has reported a loss of $85.3 million for the 2020 financial year, compared to a
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Energy
No petrol price hike in March, says NNPC
Against the backdrop of speculations of an imminent increase in the price of Premium Motor Spirit (petrol) in the country,
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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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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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