Subsidy payment costs N864.07bn in nine months –NNPC report
The Nigerian National Petroleum Corporation spent a total of N864.07bn between January and September subsidising…
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NNPC admits hitches in depots, dismisses price hike rumour
The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol…
Oil prices surpass $82 amid disappointing US jobs report
Crude oil prices settled higher on the back of tightened supply balances and a weak…
Nigeria lost N221.64bn in July to oil production stoppages – NNPC
A total of 7,193,520 barrels of crude oil was lost in July this year due…
Petrol landing cost now N278, says MOMAN, crude reaches $80
The Major Oil Marketers Association has said that the landing cost of petrol has risen…
NNPC Struggles to Remit N349.2bn of Projected N1.465trn to FAAC in Seven Months
Out of a possible N1.46 trillion the Nigerian National Petroleum Corporation (NNPC) budgeted as revenue…
Crude oil hits $77 amid supply constraints
The price of the international crude oil benchmark, Brent, rose on Thursday amid supply constraints…
NNPC: Global Gas Crisis May Push Oil Prices $10 Higher in Three Months
The Nigerian National Petroleum Corporation (NNPC) yesterday said the global natural gas crisis, which has…
DPR Shuts 11 Illegal Gas Plants, Petrol Stations in Abuja
The Department of Petroleum Resources (DPR) has sealed 11 illegal gas plants as well as…
High oil prices to linger say BoA, Chevron
The Bank of America has stated that the price of the international crude oil benchmark,…