Setting the Record Straight: NNPC Ltd and the Oil Sector's Real Challenges By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian...

NSA Applauds CGC Adeniyi's Efforts to Intensify Security Presence in Border Areas  ...As High-Level Petroleum Stakeholders Gather at ONSA Office, Abuja The National Security Adviser (NSA), Nuhu Ribadu, has commended the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, for his commitment to tightening surveillance...

Nigeria’s Daily Petrol Consumption Surges to 50m Litres Amid Scarcity   The average volume of petrol consumed in Nigeria has risen to 50 million litres per day, up from about 46.38 million litres in July 2023, two months after subsidy was removed by the current administration. The...

Assets Conversion: NNPCL, Chevron Target 165,000 bpd by December In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have...

Marketers Fear High Dangote Petrol Price as Fuel Landing Cost Rises Oil marketers are concerned about the delay in announcing the price of Premium Motor Spirit, popularly called petrol, being produced by the Dangote Petroleum Refinery, as they noted that the landing cost of imported...

How Did we get into the Economic Conundrum I regret to be the bearer of somber news, but the Dangote refinery is not the panacea we require to address the persistent fuel shortage, and I doubt we'll see fuel prices dip below 900 naira per...