Oil Production Increases by 25,000 barrels per day – OPEC The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s daily oil production rose by 25,000 barrels per day, increasing from 1.251 million barrels per day in May to 1.276mbpd in July. It disclosed this in...

Queues Persist as Petrol Hits N1,100/Litre in Abuja, Others   The queues for Premium Motor Spirit, popularly called petrol, persisted in Abuja and neighbouring states on Monday, as it also spread to Lagos and other regions across the country, with marketers stating that the situation might...

NNPC Disagrees as Report Puts Petrol Debt at $6bn Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early April, as the Nigerian National Petroleum Company Limited struggles to cover the gap between fixed pump...

Oil Theft: NNPC Uncovers New165 Illegal Refineries in Niger Delta  The Nigerian National Petroleum Company Limited said it uncovered another 165 illegal refineries in various locations across the Niger Delta in a week. According to a NNPC documentary between June 15 and 21, about 400 incidents...

Why Petrol, Diesel Prices May Not Drop Despite Dangote Refinery — Experts Experts believe that prices of petrol and diesel may not crash significantly despite the commencement of production at the Dangote Petroleum Refinery. With the removal of subsidy on petrol in May 2023, the price...

Mele Kyari, Others Summoned Over Alleged ‘Diversion’ of $72m Mele Kyari, group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, has been invited to appear before the house of representatives committee on public petitions over an alleged “diversion” of $72 million belonging...