Petrol May Sell Above N340/litre, Marketers Plan Imports Amidst Forex Crisis       The pump price of Premium Motor Spirit, popularly called petrol, may go higher than the projected N340/litre in February 2022 when the Federal Government removes its subsidy on the commodity, oil marketers said on...

Fuel Worth N12.87bn Lost In Seven Months - NNPC   Petroleum products valued at N12.87bn were lost in seven months as oil theft and pipeline vandalism continued to plague the country’s oil and gas industry. The latest data obtained from the Nigerian National Petroleum Corporation showed that...

Nigeria’s Crude Oil Production To Hit 1.8m Barrels Daily — Kyari Nigeria’s crude oil and condensate output will be at 1.8 million barrels per day (mbpd) and is likely to overcome production issues by the end of December, the Group Managing Director, Nigerian National Petroleum...

Why Gas Remains Top Priority For Nigeria – Buhari     President Muhammadu Buhari has said investment in gas remains a top priority for the country because of huge benefits in terms of returns and utility. He stated this Thursday in Paris, France, while receiving the Chief Executive...

NNPC Dismisses Price Hike Rumour, Admits Hitches In Depots   The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but ruled out any hike in the pump price of the product. The Economic Confidential had reported on...

Nigeria Needs $3bn Investment In Refinery     To meet the growing demand of her 17.3 million Metric tons of petroleum products, Nigeria needs to invest about $3.09 billion in refinery projects. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who disclosed this at the...