NNPC Prospects for Oil in North – Report The Nigerian National Petroleum Company Limited says it is prospecting for crude oil in more locations across the north as part of measures to shore up the country’s oil output and reserves. After discovering the commodity in Bauchi...

Fuel Queues May Persist At Major Marketers’ Outlets, Says IPMAN   Oil marketers have said fuel queues at filling stations across the country may persist if consumers and motorists’ continue to buy the product at selected filling station dispensing the product below N200/litre. The National Operations Controller,...

NNPCL Plan N148/litre, Tinubu Insists on Subsidy Removal The Nigerian National Petroleum Company Limited is planning to sign an agreement with independent oil marketers to ensure that the ex-depot price of petrol is N148/litre. The National Controller, Operations, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, ...

Oil Earnings Rise By N308.6bn In Two Months   Nigeria’s crude oil earnings rose by about N308.6bn within two months following the recent increase in the country’s oil output due to concerted efforts by the Nigerian National Petroleum Company Limited (NNPCL) and security agencies to halt...

Marketers Slam NNPCL's Import Monopoly on Fuel Oil Marketers in Nigeria have criticised Nigeria's National Petroleum Company Limited's import monopoly, claiming that the situation has hurt the petrol market. The General Manager, Operations, TotalEnergies Marketing Nigeria Limited, Abdulmutalib Rabiu, called for an end to NNPCL’s petrol...

Nigeria Loses $2bn To Oil Theft In Eight Months   The ad-hoc committee set up by the Senate to investigate oil theft and consequent damage on the nation’s economy said on Tuesday that Nigeria lost $2 billion, equivalent to N1.3trillion, to oil theft between January and...