Kyari Says Trans-Morocco Investment Will Generate Prosperity   The Group Managing Director of the Nigeria National Petroleum Company Limited, Mele Kyari, has said that the investment in Trans-Morroco pipelines will engender prosperity in Nigeria and other partner countries. He said plans had been concluded to fix the...

Nigeria’s Oil Production Rises To 1.6m Barrels     Nigeria’s crude oil production is recovering, climbing right back to about 1.6 million barrels. Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, Bala Wunti, said this at the 11th Practical Nigerian Content forum in Uyo, Akwa-Ibom state on...

NNPC Signs MoU With Gambian, Ghanaian Firms The Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. The five national oil companies and relevant entities were...

Fuel Scarcity: FG Refutes Increase in Fuel Prices  The Federal Government announced on Wednesday that it had no plans to increase the price of Premium Motor Spirit,  popularly called petrol during the Yuletide season. However, the government’s comments came amid a worsening and persistent fuel scarcity,...

NNPC Breaks Silence On Fuel Queues, Blames Situation On Road Projects   The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in Lagos State and Abuja on some construction projects going on in the state. NNPC’s Executive Vice President, Downstream, Mr Adeyemi Adetunju, gave...

Marketers Project N350/litre Pump Price As Depots Sell N220/litre   The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end of this year, going by the continued scarcity of the product, oil marketers stated on...