The Petroleum Products Retail Outlets Owners Association of Nigeria has asked the Nigerian National Petroleum Company Limited to give it a timeline for the completion of the new 210,000 barrels per day Port Harcourt refinery.

President Bola Ahmed Tinubu has granted approval for the issuance of all critical regulatory licences for the Kolmani Integrated Development Projects.

At the centre of this troubling story is the Nigerian National Petroleum Company (NNPC) Limited and its failure to fully remit the revenue gains from the removal of petrol subsidies

Brent crude oil price increased by 2.22 percent to $65.33 a barrel on Monday. Also, US West Texas Intermediate (WTI) crude rose by 3.36 percent to $62.39 a barrel at 16.35 WAT.

The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April.

The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has announced plans to resume crude oil exploration activities in Kolmani, located between Gombe and Bauchi states.