There are indications that the Federal Ministry of Industry, Trade and Investment has put machinery in motion to push for the amendment of the newly passed...
The Federal Government has implemented a 7.5 percent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity leap by...
Nigeria’s state oil company, Nigerian National Petroleum Corporation (NNPC), is considering an initial share sale after posting the first profit in its 44-year existence. Legislation signed...
President Muhammadu Buhari on Thursday announced the Nigerian National Petroleum Corporation NNPC, made a net profit of N287b in the year, 2020. A statement by presidential...
H.E. Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) has urged African oil-producing countries to continue developing their energy sector activities and...
The national power grid has collapsed for the second time in less than a month, worsening the blackout being experienced by households and businesses in some...
H.E. Mohammed Barkindo, Secretary General of OPEC, was received by H.E. Bruno Jean-Richard Itoua, Congolese Minister of Hydrocarbons, ahead of a three-day working visit to Congo-Brazzaville;...
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the downstream oil sector. It was, however,...
Saudi state-oil giant Aramco is in advanced talks to acquire a roughly 20 percent stake in Reliance Industries Ltd’s oil refining and chemicals business for about...
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. The President assented to the Bill on Monday, a State House statement said. With...
