Queues Lessen As NNPC Releases Additional 381.8 million Litres Of Fuel   The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited (NNPC) that it has been releasing hundreds of millions of litres of...

FG Saves $1.8bn In Forex As Dangote, Others Sign Gas Supply Deal   The Dangote Group, the Nigerian National Petroleum Company Limited (NNPC), Shell, Nigerian Agip Oil Company Limited (NAOC), Total Energies as well as the Gas Aggregation Company of Nigeria (GACN) yesterday signed a Gas...

Modular Refineries Can’t Refine Fuel Due To Price Regulation, Says NNPC   The Nigerian National Petroleum Company Limited (NNPC) on Wednesday explained that one of the key reasons modular refineries in Nigeria were not producing Premium Motor Spirit, popularly called petrol, was because of the regulated...

NNPC Vows To Increase Production As Brent Crosses $105/barrel   Brent, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price on Tuesday, as it rose to the highest price ever recorded since about 14 years following the ongoing war in Ukraine after it...

Oil spills: Court orders CBN to release 82 billion judgment debt to Akwa Ibom communities An absolute garnishee order has been granted to the Central Bank of Nigeria by Justice Taiwo Taiwo of the Federal High Court in Abuja, ordering the release of N81.9 billion...

Nigeria's Fuel Crisis Worsens With Oil Prices Dropping Friday , 18-02-2022's oil price drop came as fuel scarcity continues to plague Nigeria, West Africa's largest economy. After climbing to $92.94 on Thursday, Brent crude future fell 1.52 percent to $91.46 at 10:30 AM Nigerian Time. According...