There are indications that the price of Premium Motor Spirit (PMS) may hit N320 per litre later this month as the Federal Government has concluded plans to remove subsidy on the product as part of the ongoing implementation...
Oil prices crossed the $80 mark following the decision by the Organization of the Petroleum Exporting Countries (OPEC) yesterday, confirming it would increase monthly overall production of oil by 400,000 barrels per day (bpd) for the month of November.
Despite ongoing amnesty and other measures to address crude theft in the Niger-Delta region and over N32 billion paid between January and July on pipeline security and maintenance cost, Nigeria’s production challenges appear unabated...
The Nigerian National Petroleum Corporation (NNPC) recently pulled back from the brink of serial deficit turnover that has lasted four decades.
The Nigerian National Petroleum Corporation (NNPC) started its week with renewed synergy with the Department of Petroleum Resources....
Minister of State for Petroleum Resources, Timipre Sylva, yesterday, announced the creation of the Nigerian Content Research and Development Fund with an initial seed capital of $50 million.
Senate President Ahmad Lawan has debunked reports that he and his counterpart, Speaker of the House of Representatives Femi Gbajabiamila, collected $10 million as bribe to facilitate passage of the new Petroleum Industry Act (PIA).
Gendwe gap and federal character loopholes may bog down implementation of the Petroleum Industry Act (PIA) as the Federal Government yesterday inaugurated the implementation steering committee to oversee roll out of the new law.
The Nigerian Guild of Editors (NGE) has congratulated its former president, Garba Mohammed, on his appointment as the Group General Manager (Public Affairs) of the Nigerian National Petroleum Corporation (NNPC).
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude oil production in the country.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says promoting digital transformation in the nation’s oil and gas industry will boost profitability and efficiency.
Minister of Petroleum Resources, Chief Timipre Sylva, says the oil and gas sector accounts for about 10 per cent of Nigeria’s Gross Domestic Product (GDP).