Oil & Gas
Nigeria’s Oil and Gas Industry Owes $6.07bn and N66.4bn in Outstanding Revenues – NEITI Report
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that outstanding revenues owed to the Federal Government by the oil...
Read more
CBN Allocates $2.97 Billion for Fuel Imports Amid Dangote Refinery Controversy
The Central Bank of Nigeria (CBN) has disbursed $2.97 billion to oil industry players for the importation of petroleum products...
Read more
Nigerian Finance Minister Inaugurates Committee to Facilitate Crude Oil Sales to Local Refineries in Naira
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has inaugurated a technical sub-committee to develop a...
Read more
NNPC to Boost Crude Oil Production to Two Million Barrels Per Day
The Nigerian National Petroleum Company Limited (NNPC) has announced its goal to increase crude oil production to two million barrels...
Read more
Federal Executive Council Directs NNPC to Supply Crude Oil to Local Refineries
The Federal Executive Council has mandated the Nigerian National Petroleum Corporation (NNPC) to sell crude oil to local refineries, including...
Read more
NNPC Plans to Borrow $2 Billion Crude Oil-Backed Loan to Boost Financial Inflows
The Nigerian National Petroleum Corporation (NNPC) is seeking to secure an additional $2 billion in crude oil-backed loans from international...
Read more
TotalEnergies and NNPC Sign $550 Million Investment for Ubeta Gas Field Development
TotalEnergies, holding a 40% interest in the Oil Mining Lease (OML) 58 onshore license, alongside the Nigerian National Petroleum Company...
Read more
Dangote Refinery Postpones Production Start to Mid-July, Reveals Reasons for Delay
Africa’s largest oil refinery, the Dangote Refinery, has rescheduled the commencement of premium motor spirit (PMS) production, commonly known as...
Read more
Nigeria Induced N2.6 Trillion on Fuel Imports Amidst Exchange Rate Challenges in Q1 2024
Nigeria's expenditure on motor spirit, commonly known as fuel, soared to N2.6 trillion in the first quarter of 2024, marking...
Read more
Call For Applications: PTDF Scholarship 2024 (Petroleum Technology Development Fund) worth N700,000/Yr plus a laptop computer
The Petroleum Technology Development Fund is inviting applications for the PTDF Scholarships from undergraduate and postgraduate students for the 2023/24...
Read more