India remains Nigeria’s top oil export destination
Nigeria exported over 155.125 million barrels of crude oil to India between February and March 2017, thus making it the biggest importer, according to data from the Nigerian National Petroleum Corporation (NNPC).
CSR-in-Action partners agencies to host SITEI 2017
The theme for SITEI 2017 is, Building Local for Global, and is focused on harnessing the estimated and promising potential inherent in the industries locally.
Passage of the Petroleum Industry Governance Bill
The passage of the Petroleum Industry Governance Bill (PIGB) by the Senate, the other day, represents a good starting point in the effort to re-position Nigeria’s oil and gas industry.
Ubah leaves DSS custody after six weeks
The Department of State Services (DSS) has released the chairman of Capital Oil and Gas Limited Ifeanyi, Chief Ifeanyi Ubah, after almost six weeks in detention over allegation of economic sabotage.
Prices of petroleum products high in May
Average price paid by consumers for Premium Motor Spirit (PMS) also known as petrol, increased by 0.5 per cent month-on-month from N149.9 in April to N150.7 in May 2017.
Nigeria spends N4.69trn on petrol import, demurrage
The Minister of State for Petroleum Resources, Ibe Kachikwu, said in a video podcast on Wednesday that NNPC has taken up the responsibility of a last-resort importer producing petroleum products in an unstable environment as...
Nigeria receives $3.7bn revenue in taxes, royalties
The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties, from Anglo-Dutch Shell Group.
NNPC: Nigeria earns $2.5bn from oil, gas export
NNPC, which made this disclosure in its latest financial report released at the weekend, said the sum of $2.29 billion was transferred to Joint Venture (JV) Cash Call in line with the 2016 Approved Budget and pending 2017 budget approval.