Nigeria has lost N12.566 billion in one month due to petroleum products theft and vandalisation of the facilities of the Nigerian National Petroleum Corporation, NNPC. Giving a breakdown of the losses, the NNPC, in its Monthly Financial and Operations Report for March 2016, disclosed that...

The House of Representatives Committee on Privatisation and Commercialisation on Wednesday asked the Nigerian National Petroleum Corporation to halt plans to privatise the country’s refineries. It also noted that some of its joint venture engagements with foreign companies were questionable and must be investigated. The Chairman...

A NIGERIAN Petroleum Engineer, Mr. Chinedu Onyeizu, has developed a three node policy and a technology-based model aimed at addressing the challenges of fuel supply in Nigeria, by empowering Nigerians and the authorities with the capacity to track supply across all the downstream petroleum...

The Federal Government has said it will set a time frame for the privatisation of the Nigerian National Petroleum Corporation and the refineries before the end of this year. As part of the deregulation of the downstream oil and gas sector, the Special Adviser to...

…Urges Nigerians to boycott strike action Independent Marketers Association of Nigeria (IPMAN) has disclosed that the country would start reaping the benefits of the new pump price of Premium Motor Spirit, PMS, also known as petrol, in less than one month, which might include a...

• Workers to reject downsizing of public work force • Fuel scarcity persists despite price hike • Naira may exchange for N283 to dollar Three days to the threatened mass action against government’s increase in the price of petrol, indications emerged that the Federal Government would meet...