Lagos State to build 3000 Mw of electricity

The center of excellence of the nation has said it plans to build about 3000 megawatts (Mw) of electricity power plant that would boost...

Nigeria’s oil production reduce to 1.2 million per barrels

The Nigeria crude oil production fell from a total two million barrels per day to as low as 1.27 million bpd amid the shutdown of two...

India lost spot as Nigeria’s top oil buyer as import fall...

First time in at least two years, India’s monthly import of Nigerian crude oil has fallen below six million barrels, the latest monthly report...

Kerosene price drop 11.59 % in March

The average price per litre of household kerosene in March was lower by 11.59 per cent at N311.56k compared with N352.42k in February, the...

ExxonMobil to venture in power sector

ExxonMobil, an international oil company operating in Nigeria, has indicated interest to make fresh investment in the country’s power sector, making it the second...

Pipeline vandalism up by 233% – NNPC report

The rate of pipeline vandalism in the country increased by 233 per cent in January this year compared to December 2016, the Nigerian National...

Committee investigate 47m barrels of oil unaccounted for

House of Representatives Adhoc Committee investigating $17 billion allegedly stolen from undeclared crude oil and liquefied gas sale in the international market has demanded...

Shell knew ex-minister’s company would get oil-deal cash

Royal Dutch Shell Plc said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would...

PPPRA: No plan to increase Petrol Price

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reaffirmed that the Federal Government has no plan to increase the price of Premium Motor Spirit...

Oil rises towards $56 pb as Libyan field shutdown, Syria

Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield, tension over Syria following the U.S. missile strike...

Mosimi oil depot resumes work after almost a year of vandalism

Nigeria's Mosimi oil depot has resumed loading after almost a year, when a major pipeline was vandalised last May, the state oil company said...

Petrol price template unaffected by bridging cost – PPPRA

Agency that regulate the petroleum product pricing has said that the additional N1 per litre transporters’ bridging fee for Premium Motor Spirit, popularly known...

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