Petrol Scarcity Persists, Transport Fares Increase By 100%       Petrol scarcity in Abuja and neighbouring Nasarawa and Niger states persisted on Tuesday and provoked an over 100 per cent rise in transport fares in many locations of the affected areas. Also, hundreds of black marketers of petrol...

Nigeria Loses N151.78bn Crude Oil Monthly – NNPC       Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on Wednesday. Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the...

Gas Leakage: Industrial Customers Suffer Supply Cut       Industrial customers and other entities receiving gas through the pipeline that was ruptured in Magboro, Ogun State, on Wednesday have seen supply cut off following the isolation of the affected section of the line. One of our correspondents gathered...

NNPC Restates Commitment to Transparency         The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated his commitment to conducting the business and operations of the corporation in a transparent manner, with a view to placing it on the path...

Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC       The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity. It said Nigerian geologists were spearheading efforts in the discovery of the commodity in...

NNPC Commits to Growing Nation’s Hydrocarbon Reserves to 40 billion barrels The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of...