By Matthew Denis The Minister of Solid Mineral Development, Dele Alake has called on stakeholders across the African continent to create the trans African mining trade routes. Alake, who a few weeks ago emerged as the chairman of a mining…
Amid increasing crude price fluidity , a total of 10 banks’ exposure to the Oil & gas sector rose to N12.08 trillion in 2023, a measure of about 80 percent increase from N6.71 trillion reported in 2022. In the obverse,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that International Oil Companies (IOCs) are not refusing to sell crude oil to the Dangote refinery. The Chief Executive Officer of the Commission, Engineer Gbenga Komolafe, made this remark during an…
The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that based on emerging indicators in the energy and gas sector, Nigeria will be a net exporter of petroleum by December. Kyari made this known…
The Nigeria Agip Oil Company (NAOC) says investigation has begun on a leak from its Ogboinbiri-Tebidada pipeline in Bayelsa. The company made the disclosure in a statement by its parent firm, the Eni Group, and made available to newsmen in…
The Independent Marketers Association of Nigeria (IPMAN) has urged the Nigerian National Petroleum Corporation (NNPC) to increase fuel allocation to its members to reduce queues in filling stations. IPMAN National Vice President, Alhaji Hammed Fasola, said in an interview with…
The Federal Government, on Thursday, declared that the conversion of petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas is going to be free of charge. It declared this in Abuja after signing agreements with various companies involved…
The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI). According to the Federal Account Allocation Committee (FAAC) disbursement report for May 2024 by the National Bureau of Statistics (NBS), the amount…
The U.S. Agency for International Development (USAID) has pledged a N115.2 billion grant to the Federal Government of Nigeria to support its ongoing power reforms. The USAID yesterday made this known while signing a memorandum of understanding (MOU) to support…
Nigeria’s average daily crude oil production increased to 1.27 million barrels per day (mbpd) in June 2024, fresh data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. According to the Monthly Oil Market Report (MOMR) released on Wednesday,…
