Oil & Gas - Page 70

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Oil Marketers Complain Of NNPC’s Handling Of Fuel Supply, As Petrol Hits N300 Per Litre

The Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has revealed that the Nigerian National Petroleum Company (NNPC) Limited is yet to respond to their request for

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Finance Minister Reveals Why Buhari Is Handing Fuel Subsidy To Peter Obi, Others

The Minister of Finance, Zainab Ahmed, has revealed why the administration of President Muhammadu Buhari chose to delay the removal of fuel subsidy until the next administration. President Buhari had scheduled fuel

Fakoyejo Olalekan

2 years ago

Aliko Dangote Spent $18.5 billion To Build Refinery, Owes $2.7 billion Debt

Business·Oil & Gas

Dangote Refinery Gets New Operational Date After 5 Years Postponement

Africa’s richest man, Aliko Dangote, will have his Dangote Oil Refinery commissioned on January 24, 2023, after operation on the refinery was postponed for six years. The refinery was initially scheduled to

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Oil Marketers Reveal Exchange Rate, Three Other Factors Causing Fuel Scarcity

The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ukadike Chinedu, has blamed the exchange rate as one of the factors causing the scarcity of Premium Motor

Fakoyejo Olalekan

2 years ago

Nigeria's Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Oil & Gas

Nigerian Govt Lists 139 Firms To Commercialise Flared Gas

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 oil and gas firms for its gas flaring commercialisation programme. The programme is aimed at both reducing carbon emissions and ensuring effective

Victor Ezeja

2 years ago

Business·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu

Fakoyejo Olalekan

2 years ago

Inflation Hits 21.91%, As Nigerians Pay More For Bread, Yam, Others

Business·Oil & Gas

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

Former Chief Executive Officer of Neimeth Pharmaceutical, Sam Ohuabunwa, has asked President Muhammadu Buhari to bite a bullet to save Nigerians from multiple jeopardies. Ohuabunwa made this statement while addressing the impact of

Fakoyejo Olalekan

2 years ago

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

Group Managing director, Nigeria National Petroleum Company Limited, Mele Kyari has said the challenges of distribution faced by marketers was responsible for the lingering fuel scarcity in the country. Kyari spoke on

Victor Ezeja

2 years ago

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigerian National Petroleum Company (NNPC) Limited said it remitted earnings from the 17.877 million barrels of crude it exported contrary to allegations against the firm. According to several reports quoting the Auditor

Fakoyejo Olalekan

2 years ago

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Nigeria’s Finance Minister, Zainab Ahmed, has disclosed that the country’s fuel subsidy payment in six months will surpass the revenue earned from oil sources within 12 months. Ahmed said this at the

Fakoyejo Olalekan

2 years ago

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Oil & Gas - Page 70

Oil Marketers Complain Of NNPC’s Handling Of Fuel Supply, As Petrol Hits N300 Per Litre

Finance Minister Reveals Why Buhari Is Handing Fuel Subsidy To Peter Obi, Others

Dangote Refinery Gets New Operational Date After 5 Years Postponement

Oil Marketers Reveal Exchange Rate, Three Other Factors Causing Fuel Scarcity

Nigerian Govt Lists 139 Firms To Commercialise Flared Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

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