FG to Sign $3.8bn Gas Supply Deal in May The Federal Government has announced that gas supply and purchase agreements supporting the $3.8bn Brass methanol project will be executed in May 2024. The Brass methanol project is a major industrial project being built in Bayelsa State...

NNPCL, NIPCO Partner to Expand CNG Network NIPCO Gas Limited has partnered with the Nigeria National Petroleum Company Limited to expand the AutoCNG infrastructure nationwide by providing an alternative fuel option for motorists. The Managing Director, NIPCO Gas, Nagendra Verma, announced this on Sunday while giving...

NNPCL Advocates Natural Gas Production for Economic, Industrial Growth  The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development. Kyari spoke Wednesday at the public presentation...

Nigeria may get $1bn Afreximbank Loan in May Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to...

Petrol Shortage: Queue will Disappear Soon, NNPC Assures   Nigerian National Petroleum Company Limited (NNPCL) has said efforts have been intensified at ending the current petrol shortage in Lagos and its environs. A statement by the Chief Corporate Communications Officer of the firm, Olufemi Soneye, said the...

Fuel Subsidy: Queues Return As Backlog Stifles Supply   Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies. The NNPC Ltd, which...