FG Spends N18tn on Crude Production Annually, Experts Lament  Nigeria industry operators have lamented that N1.57tn spent on crude oil production monthly is excessive, translating to about N18tn annually. Data collected from different sources, including the Nigerian Upstream Petroleum Regulatory Commission, indicated that the minimum any...

Warri Refinery Pauses Operations for Maintenance, One Month After Resumption   Barely a month after announcing the commencement of the 125,000 barrels Warri refinery, the Nigerian National Petroleum Company Limited has said the facility is undergoing a planned routine maintenance programme aimed at ensuring optimal operations. It also...

NNPCL Launches Five LNG Expansion Project in Kogi   The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the construction of five mini Liquefied Natural Gas (LNG) plants in Ajaokuta, Kogi State. The initiative, aimed at expanding Nigeria’s domestic gas utilisation, is expected to boost energy...

P’Harcourt, Warri Refineries' Resumption Step Towards Energy Sufficiency – NEITI The Nigeria Extractive Industries Transparency Initiative has said the resumption of operations at the 210,000 barrels per day Port Harcourt refinery and the 150,000bpd Warri refinery is a monumental step towards achieving energy self-sufficiency and...

Nigeria's Energy Sector Secures $6.7bn Investment in 2024   Nigeria's energy sector saw a significant boost in 2024, with investments totaling $6.7 billion, according to Olu Verheijen, Special Adviser to the President on Energy. Verheijen revealed this in a report titled ‘Presidency Energy Sector Wrap-Up 2024’ released...

NNPCL Hikes Petrol Price to N990 in FCT, N960 in Lagos Retail outlets owned by the Nigerian National Petroleum Company Limited have raised the pump price of Premium Motor Spirit, also known as petrol, from N965 to N990 per litre in the Federal Capital Territory. They...