Of Nigeria, NNPC and the Oil Windfall, By Kabir Fagge Ali Presently, it is obvious that the time is ripe for the oil producing countries to smile due to the unprecedented increase in oil price which eventually signaled an opportunity for a windfall. However,...

NERC Slams GenCos' N1.6tr Capacity Bill, Confirms New Tariff The chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, has faulted the generation companies' claim of a N1.6 trillion capacity debt owed by the federal government, saying most of the companies lack a formal...

Nigeria Oil Production Fails to meet OPEC Quota Nigeria oil production has failed to meet the 1.8 million barrels per day oil quota set by Organisation of Petroleum Exporting Countries (OPEC) in the month of February 2022. OPEC released its Monthly Oil Market Report on...

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...