Motorists queue to buy fuel at the new pump price of N145 per litre at NNPC Mega Station in Abuja. Labour leaders are meeting today to decide on a possible protest against the increase in the price of petrol. The government raised the price from N...

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) will on May 12 and 13 deliberate on the new pump price announced by Federal Government. Alhaji Tokunbo Korodo, the South-West Chairman of the...

Federal Government of Nigeria has finally removed subsidy from sale of Premium Motor Spirit, PMS, also known as petrol with immediate effect. An official of Nigeria National Petrolem Corporation (NNPC) told Economic Confidential that there was no provision in the approved budget 2016 for...

NIGERIANS should brace for new petrol prices, with the Federal Government deregulating the downstream sector of the oil industry. There is likely to be a minimum of 27.17 per cent hike in fuel price nationwide, officials told online newspaper Premium Times. The policy is likely to...

... Attack on Chevron Valve Platform costs N8.3b monthly Meanwhile, Nigeria may lose over N100 billion between February and June to the vandalised Forcados pipeline that conveys Forcados grade of crude oil of over 400,000 barrels per day. Besides, total export proceeds of $170.12 million was...

The Nigerian National Petroleum Corporation (NNPC) has announced an N18.89 billion loss from its oil and gas operations in March 2016. The NNPC, in its monthly financial and operations report, indicated that the ₦18.89 bn loss was 22.03 percent lower than the ₦24.23bn operational deficit...