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Oil price nears $90 a barrel ahead of OPEC+ meeting

    Oil price nears $90 a barrel ahead of OPEC+ meeting

Oil prices rose on Tuesday amid expectations that the Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, would cut output. Brent crude jumped 0.86 percent to $89.62

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FG mulls reopening of Trans-Niger pipeline

    FG mulls reopening of Trans-Niger pipeline

The federal government says it is set to reopen the Trans-Niger Pipeline (TNP), a major pipeline that transports about 180,000 barrels of crude oil per day.  Bala Wunti, group general

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Senate panel asks NUPRC to present presidential approval for Atala oilfield reallocation

    Senate panel asks NUPRC to present presidential approval for Atala oilfield reallocation

The senate committee on ethics, privileges and public petitions has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to present a written presidential directive on the reallocation of the Atala

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IPMAN to FG: Hasten deregulation of petroleum sector to stabilise market

    IPMAN to FG: Hasten deregulation of petroleum sector to stabilise market

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has advised the federal government to fully deregulate the petroleum sector to further open up the market. Yakubu Suleiman, national public relations

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NNPC Limited acquires OVF Energy, says it provides platform to attract investment

    NNPC Limited acquires OVF Energy, says it provides platform to attract investment

The Nigerian National Petroleum Company (NNPC) Limited has acquired OVH Energy, owner and operator of the Oando branded retail service

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Oil price nears $90 a barrel as dollar weakens

    Oil price nears $90 a barrel as dollar weakens

Oil prices jumped on Friday, bolstered by a weaker US dollar. Brent crude climbed 0.69 percent to $87.94 a barrel,

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NSCDC operatives seize N4m worth of petrol from vandals in Lagos

    NSCDC operatives seize N4m worth of petrol from vandals in Lagos

Nigeria Security and Civil Defence Corps (NSCDC) says it has recovered 21,600 litres of premium motor spirit (PMS), also called

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CSOs: FG can save N6.3trn annually if it stops oil theft

    CSOs: FG can save N6.3trn annually if it stops oil theft

A coalition of civil society organisations (CSOs) says the federal government can save N6.27 trillion yearly if it curbs oil

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NUPRC to probe producers’ operations for improved oil output 

    NUPRC to probe producers’ operations for improved oil output 

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says from Wednesday, it will invite exploration and production (E&P) companies to scrutinise

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