Speaker of the House of Representatives Yakubu Dogara has said that illegal refineries in Nigeria thrive because of certain malfeasances in the society. Speaking while declaring open an investigative hearing of the ad hoc committee on the Joint Task Force and Nigeria Agip Company in...

No fewer than 128 Indigenous and International Oil and Gas companies have indicated interest to participate in the Nigerian National Petroleum Corporation’s (NNPC) Direct Sale of Crude Oil and Direct Purchase of Products (DSDP) programme. The DSDP arrangement is a model introduced last year and...

...South-west IPMAN threatens to stop lifting products Despite the pledge by oil marketers to support the federal government’s efforts in ensuring sustained and stable supply of petrol at the official pump price of N145 per litre, there are indications of imminent scarcity as some depot...

The Nigerian National Petroleum Corporation, NNPC, has assured motorists and other consumers of petroleum products in the Federal Capital Territory, FCT, Niger and Nassarawa states and other parts of the Country that the fire incident which affected a truck at the Suleja Depot at...

The Federal Government has ordered immediate payment of the N150 billion bridging cost for fuel products’ delivery across the nation owed marketers. The order was given at the Aso Rock Presidential Villa in Abuja after a two-hour closed-door meeting President Muhammadu Buhari’s Chief of Staff...

The Group Managing of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, said the firm lacked international oil trading skills. According to him, several attempts made by the national oil firm’s management in the past to have a stronghold on oil trading have not yielded...