Oil price, on Monday, rose to a record high, nearly hitting the $90 a barrel mark. Brent crude, the global oil benchmark, rose to $89.03 — the first time in
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Oando Plc says it has reached an agreement with Eni, on the acquisition of a 100 percent stake in its subsidiary — Nigerian Agip Oil Company Limited (NAOC Ltd). According
Saudi Aramco is considering selling a 2.5% stake in the company worth $50 billion, the Wall Street Journal is reporting. Mohammed Bin Salman, crown prince of Saudi Arabia, is said
The Nigerian National Petroleum Company (NNPC) Limited says Nigeria’s crude oil production level (including condensate) is currently at 1.67 million barrels per day (bpd). Mele Kyari, group chief executive officer
The Nigerian National Petroleum Company (NNPC) Retail Limited says it has taken appropriate disciplinary action against its staff found under-dispensing
The joint task force of Operation Delta Safe (OPDS) says it has arrested MV Ofuoma, an oil vessel, and 10
The Nigeria Customs Service (NCS) says it has commenced the implementation of value-added tax (VAT) on automobile gas oil (AGO),
The Nigerian National Petroleum Company Limited (NNPCL), on Sunday, says the country loses an average of $7.2 million monthly from
The Enugu state government says it will shut down petrol stations under-dispensing to consumers. Emeka Ajogwu, commissioner for special duties,
The federal government says the Port Harcourt refinery will begin operations by December 2023. Heineken Lokpobiri, minister of state for
