NNPC Rallies Operators, Others to Caution Oil Production Cost The Nigerian National Petroleum Company Limited (NNPC) has called on operators, service providers in the nation’s oil and gas industry towards tackling the menace of high production cost and improving profitability in the sector. The Chief Upstream...

Reps Question $9.5bn Loss to Gas Flaring Yearly  The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged $9.05 billion revenue loss from gas flaring in the last decade in Nigeria. Abbas, at the inauguration of...

Electronic Transfer Fees Generate N80.86bn in Q1 - Report Electronic transfer levies have generated N80.86bn for the three tiers of government in the first six months of 2023. This is according to data obtained from the Federation Account Allocation Committee communique for January to June 2023....

FCCPC Says PoS Operators Risk Three Months Imprisonment over Price Fixing The Federal Competition and Consumer Protection Commission has said Point of Sale operators caught for price fixing risk three months jail term. This is as it issued a cease-and-desist order to PoS operators from conduct...

N1.3tn Subsidy Debt won’t Affect Dividend, Says NNPCL Nigerian National Petroleum Company Limited has disclosed that its outstanding N1.3tn debt to the Federal Government has nothing to do with the payment of dividends to the government. In June this year, the national oil company revealed that...

Marketers Push For Petrol Price Hike Amid Deregulation   Oil marketers are clamouring that market indicators should determine the price movement of Premium Motor Spirit, commonly known as petrol, even if it means the price could potentially reach N700. This comes after a 165 per cent...