The Nigerian National Petroleum Corporation (NNPC) has said arrangement has been concluded for a new 100,000-barrels-per-day brownfield refinery each in Port-Harcourt, Rivers State and Warri, Delta State. According to the Group Managing Director of NNPC, Dr. Maikanti Baru, the plan is part of the corporation’s initiative designed to boost local refining capacity to end petroleum…

Two oil marketers have allegedly diverted 16 trucks of petroleum products meant for Adamawa State. The Controller of Operations of the Department of Petroleum Resources (DPR) for Adamawa and Taraba states, Mr. Mohammed Alaku, disclosed this yesterday in Yola. He said the ghost marketers loaded the trucks from the Calabar depot and claimed Adamawa as…

Prices of petroleum products including Premium Motor Spirit (PMS) also known as petrol, Household Kerosene, and Automotive Gas Oil (AGO) or diesel...

Operatives of Zone II anti-crime squad, Onikan, Lagos, have arrested seven suspected vandals including two Beninnois.

Despite attempts by the Central Bank of Nigeria (CBN) to rescue the naira in the face of dwindling revenue, the efforts have so far failed to yield positive result, as the economy...

The value of the domestic crude oil purchased by the Nigerian National Petroleum Corporation (NNPC) between April 2015 and April 2016 was $1.8 billion (N1.2 trillion).

The Senior Staff Association of Nigerian Universities (SSANU) has bemoaned the paltry allocation of N403 billion to the education sector in the 2016 budget.

Sir: One year into President Muhammadu Buhari’s four years constitutionally allotted tenancy of Aso Rock, the ‘Sai Baba’ crusaders have vanished.

Importers of petroleum products have called on the Federal Government to fully deregulate the downstream sector to enable more investments, which is expected ...

It is no longer news that the price per litre of premium motor spirit, PMS otherwise known, in local parlance, as petrol has gone up. What is news, however is that the new price template announced...

The President, Masters Energy Group, Uchechukwu Ogah has enjoined the Federal Government and requisite regulatory agencies to set standards and ensure strict monitoring of the fuel marketing...

The popular Ganaja Junction in Lokoja was a focal point yesterday when a tanker laden with premium motor spirit (PMS) tumbled and crashed, causing heavy traffic build up and halting movement of travellers.