NNPC says July deadline for low-sulphur fuel remains unchanged

The Nigerian National Petroleum Corporation (NNPC) is working to meet the July 2017 deadline for switching from fuel with higher concentration of sulphur to...

Senate withdraws N5 fuel levy bill

After serious opposition from members, the controversial National Road Fund Bill has been withdrawn from the Senate, The Guardian reports. In sourcing for revenue for...

Osinbajo directs Adeosun to make payment of $2bn outstanding subsidy claims

Acting President Yemi Osinbajo has directed the Minister of Finance, Mrs. Kemi Adeosun to pay oil marketers all outstanding subsidy claims, which the marketers...

Dangote awards DuPont Clean Technology contracts for oil refinery

DuPont Clean Technologies (DuPont) announced today that Dangote Oil Refinery Company Ltd (Dangote) has commissioned a range of advanced proprietary equipment from DuPont for...

Forte Oil unveils its growth plans for improved operations

According to the Group Executive Director, Finance and Risk Management, Forte Oil Plc, Julius Omodayo-Owotuga, the company is planning to deepen its focus on...

2019 petrol import deadline threatened by regulatory issues – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has stated that structured difficulties, such as denial of approval for processes, delays by...

Nigeria not benefiting from high natural gas reserves – DPR boss

The Department of Petroleum Resources (DPR) has expressed worry that despite the significant natural gas reserves, the country was yet to fully benefit from...

Apapa gridlock worsens as NNPC fails to load petrol in Ibadan, other depots

In spite of the recent claim by the Group Managing Director of the NNPC, Dr. Maikanti Baru that the reactivation of some of the...

Tinubu clarifies Oando’s involvement in Port Harcourt Refinery

The Group Chief Executive Officer of Oando PLC, Wale Tinubu, appeared before the Senate Joint Committee on Petroleum Resources Thursday, to correct allegations regarding...

NNPC crashes diesel price nationwide by 42%

Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months,...

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