$2.6bn Pipeline Project: Reps Grill NNPC, Contractors       The House of Representatives has begun investigation of alleged breach of Nigeria’s laws on local content in the execution of the Federal Government project to construct a gas pipeline from Ajaokuta to Kano. The House Committee on Local Content,...

Fuel Price: Buhari To Meet With State Governors, NNPC       President Muhammadu Buhari will meet with state governors and the Nigerian National Petroleum Corporation (NNPC) on Thursday to find a solution to the issue of right pricing for petrol in the country. Rising from its meeting with...

Marketers To Nigerians: Expect To Pay N195/litre For Petrol       Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying price may rise to N195 per litre. They lamented what they described...

NNPC Cuts Losses In Four Refineries By 53%         The Nigerian National Petroleum Corporation, NNPC, has cut down losses by 53 per cent in the first 10 months of 2020, due to none production in the nation’s four refineries, according to data obtained from its October...

Increase In Gas Supply Raised Power Generation By 3,358MW – NNPC         The Nigerian National Petroleum Corporation in its latest monthly operations report said the increase in gas supply to 789 million standard cubic feet, which was delivered to gas-fired power plants, led to the generation...

Crude Oil Price Hits 13-month High At $63       Oil prices yesterday maintained their upswing, hitting their highest in about 13 months on the back of vaccine rollouts expected to increase demand even as producers kept supply reined in. Global benchmark, Brent Crude, was up 88 cents,...