Oil

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

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. …
Read More...

The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of petrol at its retail stations, with Abuja residents now paying N955 per litre, up from N890. This marks a N65 increase, even as the company has yet to…
Read More...

Confusion continues to swirl around the leadership of the Nigerian National Petroleum Company Limited following rumours that its Group Chief Executive Officer, Bayo Ojulari, has stepped down under pressure. The Economic and Financial…
Read More...

The Dangote Petroleum Refinery and Petrochemicals has appointed David Bird as its new Chief Executive Officer as it looks to boost production and extend its footprint across Africa. Bird, who previously led Oman’s Duqm Refinery and…
Read More...