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Petrol subsidy fuelling vicious cycle of poverty in Nigeria, says NNPC

    Petrol subsidy fuelling vicious cycle of poverty in Nigeria, says NNPC

The Nigerian National Petroleum Company (NNPC) Limited says the country’s petrol subsidy regime has been “fuelling the vicious cycle of poverty” in the nation. According to the National Bureau of

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‘They’re comfortable importing’ — Rivers IPMAN says FG not committed to fixing state refinery

    ‘They’re comfortable importing’ — Rivers IPMAN says FG not committed to fixing state refinery

The Rivers chapter of the Independent Petrol Marketers Association of Nigeria (IPMAN) has accused Timipre Sylva, the minister of state for petroleum, of paying lip service to the completion of

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Seplat terminates consultancy deal with co-founder Bryant Orjiako over ‘misrepresentation’

    Seplat terminates consultancy deal with co-founder Bryant Orjiako over ‘misrepresentation’

Seplat Energy says it has terminated a consultancy agreement involving the company’s wholly owned subsidiary, as well as Bryant Orjiako, its co-founder and immediate past chairman. Disclosing this in a

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Licence transfer, pipeline tariff — NMDPRA unveils 6 new regulations for oil, gas industry

    Licence transfer, pipeline tariff — NMDPRA unveils 6 new regulations for oil, gas industry

The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) has released six regulations to support sustainable growth and investment in the midstream and downstream sectors. The unveiling ceremony took place on

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Report: Hedge fund admitted P&ID made unlawful payments to Nigerian officials in 2021 lawsuit

    Report: Hedge fund admitted P&ID made unlawful payments to Nigerian officials in 2021 lawsuit

VR Capital, a hedge fund firm, says payments made to Nigerian officials by Process & Industrial Developments (P&ID) violated the

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Jean-Marc Cordier, ex-VP of UAE oil firm, named head of NNPC Trading

    Jean-Marc Cordier, ex-VP of UAE oil firm, named head of NNPC Trading

The Nigerian National Petroleum Company (NNPC) Limited says Jean-Marc Cordier has joined its oil trading arm, NNPC Trading Limited. Garba

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After 12 months of hiatus, Shell resumes oil exports from Bonny terminal

    After 12 months of hiatus, Shell resumes oil exports from Bonny terminal

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says it has resumed oil exportation from the Bonny crude oil

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Minister: FG yet to harmonise discussions on palliatives for petrol subsidy removal

    Minister: FG yet to harmonise discussions on palliatives for petrol subsidy removal

Clem Agba, minister of state for budget and national planning, says relevant committees on post-petrol subsidy palliative measures have not

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Oil price falls to $72 a barrel — first time since December 2021

    Oil price falls to $72 a barrel — first time since December 2021

Oil price fell on Wednesday to $72 a barrel for the first time in more than one year. Brent crude,

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ICYMI: NNPC’s takeover of OML 18 is illegal… we’ve approached the court, says Eroton

    ICYMI: NNPC’s takeover of OML 18 is illegal… we’ve approached the court, says Eroton

The management of Eroton Exploration and Production Company Limited says it remains the operator of the oil mining lease (OML)

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