FG Spends N1.243trn Monthly As Fuel Subsidy Hits N600/litre   The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit, popularly called petrol, consumed in Nigeria is currently above N600, oil sector operators stated on Sunday. Also, the latest PMS evacuation...

NPA Recovers N7bn From NNPC, Pays N45bn Into CRF     The Nigerian Ports Authority (NPA) has recovered N7 billion out of the N30 debts owed by Nigerian National Petroleum Corporation (NNPC). Managing Director of the authority, Mohammed Bello- Koko, said that the Authority had also remitted the...

FG Expects Dangote Refinery To Take Off Q1, 2023   The Nigerian National Petroleum Corporation (NNPC) expects the Dangote Refinery project to take off in the first quarter (Q1) of 2023, its Group Managing Director Mele Kolo Kyari said on the sidelines of the World Gas...

Energy: NNPC, Sahara Group Invest N181bn In Gas Carriers The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group have acquired  two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea. The two groups...

Reps Kick As Kyari Keeps Mum On Oil Swap Deal   The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, finally appeared before the House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria. However, Kyari could not...

Refineries Probe: Reps Mandate Sylva, Kyari To Appear Before Committee  The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria says it is mandatory for the Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, to appear before...