Twenty years after it was discovered, the Aje field located in Oil Mining Lease 113 has achieved its first oil, putting Lagos on the list of oil-producing states in the country. The milestone is coming after several missed targets for the achievement of first oil,...

The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to engage investors to enter into a Joint Venture (JV) arrangement with it to fund, rehabilitate and jointly operate any of the three Nigerian refineries. The JV deal will also include but not limited to off-take...

The Nigerian National Petroleum Corporation (NNPC) used to spend $1.8 billion on fuel importation quarterly, its Group Executive Director (Upstream) Rabi’u Bello has disclosed. Bello, while briefing State House correspondents, yesterday, on the current nationwide fuel scarcity, put the monthly expenses on fuel importation at...

The Fuel supply and distribution situation has drastically improved in Abuja and its environs as the long fuel queues is gradually easing out following the increased truck out from 186 to 240 trucks on Tuesday. Gridlock caused by customers at the NNPC Mega-Station, Kubwa...

• NPMC distributes 40m litres daily to filling stations • Kachikwu unveils short, long term solutions to ending fuel scarcity • Gov Bello warns marketers against sharp practices. The weeks of agonising pains of fuel scarcity nationwide may afterall be over in a few days as about...

Fuel subsidy has not been re-introduced by the Federal Government, according to the Petroleum Products Pricing Regulatory Agency (PPPRA). And the government has not increased the prices of petrol. It remains at the regulated prices of N86 at Nigerian National Petroleum Corporation (NNPC) filling...