COVID-19 Pandemic Costs Oil Industry $1trn - Kyari       The COVID -19 cost the global oil and gas industry some losses totalling $1 trillion, according to Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Mele Kyari. He attributed the losses to the decline in demand for...

Price Hike: FG To Back Marketers On Petrol Import       The Federal Government is to make the dollar accessible to oil marketers in order to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost. It was learnt on Monday that oil...

Senate To Auditor-general: Stop Shielding NNPC, NPA, Others       The Senate has challenged the acting Auditor-General of the Federation, Mr Adolphus Aghughu, to focus more on the financial transactions of big revenue generation agencies instead of beaming searchlight only on smaller agencies. The Chairman, Senate Public Affairs...

Forex Scarcity Bars Marketers From Petrol Imports       Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian National Petroleum Corporation’s apron strings as they continue to steer clear of petrol importation, ’FEMI ASU reports The expected...

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted         The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue that...

SEPLAT, NNPC To Build Gas Plant In Imo         Seplat Group has partnered with the Nigerian National Petroleum Corporation to site a multi-billion-naira gas plant at Asaa, Ohaji-Egbema Local Government Area of Imo State. Imo State governor, Senator Hope Uzodinma, disclosed this on Twitter on Friday. He said...