Timipre Sylva Resigns As Oil Minister, Joins Bayelsa Governorship Race Timipre Sylva has resigned as Nigeria’s minister of state for petroleum resources to govern Bayelsa State again on the All Progressive Congress party (APC) platform, sources told Reuters on Thursday. According to Reuters, Sylva handed his...

IPMAN, FG Disagree Over Port Harcourt Refinery Completion Date The Independent Petrol Marketers Association of Nigeria has faulted the Minister of State for Petroleum, Chief Timipre Sylva, over his assurance on the completion of the Port Harcourt refinery. Sylva had during a seminar recently in Abuja,...

Polls Controversy: Fuel Hits N300/litre As Marketers Halt Loading   Oil marketers, on Tuesday, said many depots had stopped loading Premium Motor Spirit, popularly called petrol, due to the apprehension caused by the collation of results of the general elections across the country. It was also gathered...

FG Disburses N173bn For Uniform Fuel Price Nationwide   The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of Petroleum Resources on Tuesday showed. PMS...

Oil Production Now Nine-month High - NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since March when the country produced 1.237mbpd. Figures obtained...

Oil Firms Will Return To Full Production – Fed Govt   The Federal Government, on Tuesday, said it was working to ensure that all local and international oil companies returned to full capacity production of crude oil in Nigeria. Major oil producers in Nigeria have drastically cut...