FG Panel Reconvenes Monday to Address Naira-for-crude Crisis     The huge allocation of crude oil by the Nigerian National Petroleum Company Limited (NNPCL) to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery. Insiders familiar...

PENGASSAN Warns of Imminent Withdrawal of Members from Upstream Operations The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw all its members from every upstream operation nationwide if Sterling Oil Exploration and Energy Production Company fails to immediately address the...

Justice Inyang Ekwo of the Federal High Court in Abuja has struck out the preliminary objection of the Nigerian National Petroleum Company Limited (NNPCL), challenging the competence of the ₦100 billion import license suit instituted by Dangote Petroleum Refinery and Petrochemicals.

Oil Sector Reforms Attract $17bn Foreign Investments, Says NNPCL The Nigerian National Petroleum Company Limited has revealed that reforms in the oil and gas sector, driven by the enactment of the Petroleum Industry Act 2021 and Executive Orders issued by President Bola Tinubu, attracted about...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) yesterday warned against monopolies and unfair competition.

The Nigerian National Petroleum Company (NNPC) Limited has suspended the naira-for-crude oil swap deal with domestic refiners,