Oil

The Committee of Patriotic Forces has kicked against the Federal Government’s plan to sell large portions of Nigeria’s equity in key upstream oil and gas joint ventures, warning that the move could cripple the economy, undermine energy…
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The second day of the strike by the Nigeria Union of Petroleum and Natural Gas Workers has shut down petroleum product distribution nationwide, leaving depots closed and loading activities suspended. The action, which targets the…
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The Presidency says Nigeria is witnessing record growth in non-oil revenues, signalling a historic shift away from oil dependence. In a statement on Wednesday, presidential spokesperson Bayo Onanuga said President Bola Tinubu disclosed…
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In Abuja, youths from the Niger Delta stormed the headquarters of the Nigerian National Petroleum Company Limited on Wednesday, demanding the removal of Group Chief Executive Officer Bayo Ojulari over allegations of corruption and poor…
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Tension is rising in the oil-rich Niger Delta after a coalition of youth leaders accused the Nigerian National Petroleum Company Limited, NNPCL, under Bayo Ojulari’s leadership, of corruption, mismanagement, refinery sabotage and mass job…
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The Federal Government has restated its commitment to supplying gas from Nigeria to Togo, Benin Republic, and Ghana as part of efforts to reduce energy poverty and boost economic growth in the West African sub-region. Minister of State…
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The Petroleum Retail Outlets Owners Association of Nigeria has raised concerns over the state of the Port Harcourt Refinery, alleging that the leadership of the Nigerian National Petroleum Company is neglecting its revival. The…
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Petrol pump prices could drop below N900 per litre following a N30 cut in the ex-depot price by Dangote Petroleum Refinery. In a statement on Tuesday, the company’s Chief Branding and Communications Officer, Anthony Chiejina, announced…
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Independent oil marketers in Nigeria have accused the Dangote Petroleum Refinery of monopolizing the market for Liquefied Petroleum Gas (LPG) through secret pricing deals that allegedly favour select companies while shutting out others. …
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