Tinubu Signs Executive Order Mandating Direct Remittance of Oil, Gas Revenues to Federation Account President Bola Tinubu has signed a sweeping executive order directing the immediate remittance of oil and gas revenues to the Federation Account, in a move aimed at curbing revenue leakages, eliminating...

OPEC: Nigeria’s Crude Output shortfall Triggers N1.76tn Revenue Loss Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue due to its failure to meet the production quota set by the Organisation of the Petroleum Exporting Countries from January 2025 to January 2026. Data...

Reopening Port Harcourt Refinery Wasteful After Gulping $1.5bn - NNPCL  The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has stated that the reopening of the Port Harcourt Refinery and Petrochemical Company as a huge waste of resources, for the country as it...

‎Nigeria’s oil sector reforms are beginning to yield tangible results, with Chevron Nigeria Limited recording its third successful exploration discovery.

The Nigerian National Petroleum Company Limited (NNPCL) has begun moves to sell stakes in some of its oil and gas assets, a new report by Reuters has revealed.

The Group Chief Executive Officer of NNPC, Bayo Ojulari, has assured Nigerians that the ongoing price competition in the downstream petroleum sector will ultimately benefit consumers.