No Need For Panic Over Subsidy Removal – FG Assures The Federal Government has asked Nigerians not to panic over the announcement of the removal of petrol subsidy by President Bola Ahmed Tinubu. In his inaugural speech on Monday, Tinubu the subsidy regime is gone, a statement...

Buhari Flags Off NNPC Wadi-B Oil Drilling In Borno   President Muhammadu Buhari Tuesday flagged off crude oil drilling campaign at Wadi-B l Tuba village, 35 kilometers away from Maiduguri City off Monguno road. He said the oil exploration if successful will improve security, electricity energy and...

70% Of NNPC’s AKK Gas Pipeline Delivered, Project Not Abandoned – Kyari   The Nigerian National Petroleum Company Limited (NNPC) has spent $1.1 billion (about N506.6 billion) on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, delivering 70 per cent of the trunk welding. The Group Chief Executive Officer...

NNPC: Where Are Our Refineries after 8 years?   The funds we have been spending on subsidies could buy us brand new refineries off the shelf. The NNPC awarded homongous contracts for the rehabilitation or refurbishment of our four national refineries, and by the terms of the...

Senate Charges NNPC for Mismanagement of N102bn Crude Oil Deliveries Senate has indicted Nigeria National Petroleum Company Limited for poor record-keeping for crude oil deliveries to Warri Refinery and Petrochemical Company and Kaduna Refinery and Petrochemical Company worth $376, 655,589 (N102.6bn). The indictment stemmed from the...

Abuja Residents Groan as Fuel Scarcity Bites Harder By Khadijah Ahmad Ado Some residents of FCT Abuja have expressed their concerns about the unending fuel scarcity in the country. Speaking to ECONOMY ON THE STREET anchor, Rahma Oladosu, the residents said this is one of the longest...