NNPC reopens Ibadan depot after years of inactivity

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, on Wednesday reopened the NNPC depot in the Apata area of Ibadan, Oyo...

PPPRA has no business in downstream sector – Lagos Energy Comm.

Mr Wale Oluwo, the Lagos State Commissioner for Energy and Mineral Resources, on Tuesday said the Petroleum Products Pricing Regulatory Agency (PPPRA) has no...

Firm petitions AGF, others over brokerage fee issue in $41m Trafigura, WABECO J.V deal

An indigenous oil and gas consulting company, Peto-Gas Ltd ( Peto-Gas), has petitioned relevant government agencies and organisations over alleged non-payment of a 10...

NNPC refineries’ rehabilitation to cost $1bn

The planned rehabilitation of the nation’s refineries will cost the Nigerian National Petroleum Corporation (NNPC) about $1 billion, The Nation reports. The NNPC Group Managing...

Nigeria may need to look inwards, utilize oil for other uses as electric cars...

The Vice President/Head, Energy Research, Ecobank, Mr. Dolapo Oni has said that while the shift to electric/hybrid cars casts a major cloud over an...

Petrol prices fail to crash despite Kachikwu’s promise

Fifteen months after the price of Premium Motor Spirit, otherwise known as petrol, was increased by 68 per cent, consumers have yet to see...

Rainoil MD says Nigeria unlikely to cut fuel sulphur levels anytime soon

The head of a major Nigerian downstream company told the Platts refining conference in Brussels that Nigeria’s efforts to cut sulphur levels in its...

Petrol price decreased by 2.5% in August – NBS

According to the latest report by the Nigerian Bureau of Statistics (NBS), the average price paid for Premium Motor Spirit (PMS), otherwise known as...

FG meets NUPENG today as fuel depots remain shut following strike

The nationwide strike called by the United Labour Congress of Nigeria commenced on Monday and led to the shutdown of fuel depots in Apapa,...

Apapa jetty fire incident will not affect supply of petroleum products – NNPC

The Nigerian National Petroleum Corporation, NNPC, has assured motorists and other consumers of petroleum products nationwide that the fire incident which occurred at Apapa...

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