NNPCL Remittance Hits N10tn in 2024 – Kyari
The Nigerian National Petroleum Company Limited has announced that it remitted N10 trillion to the Federation Account as of September 2024.
NNPCL Group Chief Executive Officer, Mele Kyari, revealed this during a budget defence session before the Joint...
NUPRC Says Oil Rig Count Now 32, Projects 2.1mbpd in 2025
The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32.
The NUPRC Chief Executive, Gbenga Komolafe, announced this during his recent appearance before the Senate Committee on Appropriation.
Komolafe said...
FG Eyes N700bn for Road Projects, Maintenance Annually
The Minister of State for Works, Mohammad Goronyo, has expressed concern that the current budgetary allocation to the Federal Roads Maintenance Agency is grossly insufficient, given the critical role the agency plays in maintaining and repairing roads...
Dangote Refinery: Oil Import Declines in European markets – OPEC
The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe.
The 650,000-capacity Dangote refinery, which began...
China and Nigeria Joining Hands for a Brighter Future
By Yu Dunhai
From January 8th to 9th, H.E. Wang Yi, Member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs, paid an official visit to Nigeria....
Again, Inflation Rate Rises to 34.8%
The National Bureau of Statistics says Nigeria’s inflation rate was 34.80 percent in December, up from 33.60 percent in November.
The data is captured in NBS’ consumer price index (CPI) report published on Wednesday.
NBS said the headline inflation rate in...
