Senate Summons NNPC Boss Over Alleged N210trn Missing Funds   The Senate on Thursday ordered the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, to appear before its Public Accounts Committee over unresolved financial infractions amounting to N210tn. The lawmakers expressed...

Security Investments Impacting Crude Production Costs - NNPC The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, has attributed the country’s high oil production cost to massive security investments aimed at safeguarding crude oil pipelines in the Niger Delta...

Again, Dangote Refinery Slashes Petrol Price The Dangote Petroleum Refinery has reduced the price of petrol from N840 to N820 per litre. The N20 reduction came one week after the refinery dropped the price of the fuel from N880 to N840. This indicates a N60 (6.82...

FG Approves 37 New Crude Evacuation Routes as Oil Rigs Rise to 44 The Federal Government says it has approved 37 new crude oil evacuation routes across the country as part of reforms to bolster production and curb theft. It also said the number of crude...

$3bn Repairs: MAN, Marketers Call On FG to Privatise Refineries The Manufacturers Association of Nigeria has said the Port Harcourt, Warri, and Kaduna refineries are a drain on the country’s economy, calling on the Federal Government to sell the facilities. This comes as crude refiners and...

FG to Reclaim Dormant Oil Fields, Begins License Review The Federal Government has declared an end to what it described as the “era of speculative licensing,” where companies acquire oil blocks but fail to develop them, hence putting an end to dormant oil fields. This came...