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Premium Motor Spirit, also known as petrol, used vehicles and gas oil, are Nigeria’s largest imports in the second quarter of 2023. The National Bureau of Statistics’ latest Foreign Trade…
The Nigerian National Petroleum Company Limited (NNPCL) has signed a landmark Memorandum of understanding with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of…
Despite that Nigeria has been unable to exploit European demand post-Ukraine more regional crises have compounded attempts to export its vast gas deposits to Europe. This is also as the…
Shell’s offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday. Namibia, which has yet to produce any oil and gas, has attracted strong…
Mele Kyari, the Group CEO of the Nigerian National Petroleum Company (NNPC) Limited has said that the country’s crude oil and condensates production is up to 1.67 million barrels per…
Nigerians are dissatisfied with the 8.8 per cent increase in the prices of Liquefied Petroleum Gas (LPG) The prices of LPG gas surged from N680 per kilogram to N740 per…
Following the directive by President Bola Tinubu to halt further increase in petrol prices, speculations are rife that the federal government may have secretly reintroduced subsidy. Media reports quoting presidency sources had alleged that…
The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the funding…
There was a casualty on Tuesday when an oil rig belonging to Seplat Energy Plc collapsed in Delta State. The affected oil rig is located near Ovhor in Delta State, Naija News understands.…
Aradel Holdings (formerly the NDEP Group), is up scaling investment in crude refining adding value in the crude oil processing value chain as the company’s modular refinery close up towards…