FG to Commence Crude Oil Sale to Dangote, Others October The federal government says the sale of crude oil to the Dangote refinery in naira will commence on October 1. The ministry of finance, in a statement on Monday, said the decision was made at a...

Oil Marketers Blame Fuel Scarcity on Logistics Challenge Oil marketers have attributed this round of scarcity of Premium Motor Spirit also known as petrol, to lingering logistics challenges. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who...

NNPC Refutes $6.8bn International Oil Debt Allegation The Nigerian National Petroleum Company (NNPC) Limited says it does not owe international oil traders $6.8 billion. Reports had said the company is indebted to international oil traders to the tune of $6.8 billon and that it has not...

FG Inaugurates Cttee on Naira-based Crude Sale to Local Refineries  The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated a technical sub-committee tasked with developing the framework for the sale of crude oil to local refineries in naira. This initiative...

Edo Refinery Decries Lack of Crude Supply from Relevant Authorities The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited, has raised alarm over the persistent lack of crude oil despite being a fully functional 1,000 barrels per day stream...

NNPC Seeks N4.7tn Compensation on Petrol Import Expenses The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country. The claim was listed as “Exchange...