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...

Over 1,000 illegal miners are in Nigeria – NMGS

Over a thousand mining sites across the country are occupied by illegal miners, the Nigerian Mining and Geosciences Society has said. The President of the society,...

FG restates commitment to oil search in Benue Trough

Nigerian National Petroleum Corporation (NNPC) Group Managing Director Dr. Maikaniti Baru, has restated the mandate of president Muhammadu Buhari to the corporation for the...

West Africa strategises for steady electricity

Representatives of West African countries will next week converge in Lagos to design a workable blueprint for steady power supply in the sub-region. Mr Oti...

The highest in 8 weeks: Oil price hits $50 per barrel

Global oil benchmark, Brent crude, hit an eight-week high on Thursday as the world’s biggest producers prepared to discuss a possible freeze in production...

Lawmakers call for petrol price review

The House of Representatives yesterday urged the Ministry of Petroleum Resources and the Petroleum Products Price Regulatory Agency ( PPPRA) to review the current...

FG slashes the importation of Kerosene by 51.8 million litres

Federal Government slashes importation of Kerosene - the reduction which is by a 51.8 million litres is in a bid to increase domestic consumption of...

Shell declares force majeure, shuts 600,000bpd export pipeline

The nation’s crude oil exports is facing a fresh threat as Shell Petroleum Development Company of Nigeria Limited on Friday declared force majeure on...

Oil prices on path for biggest yearly gain since 2009

Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude...

NNPC may extend operations to power generation

If its reform programme go as planned, the Nigerian National Petroleum Corporation (NNPC) would metamorphous from an oil and gas company into an integrated...

Oil fall this week the biggest since January on OPEC tensions

Oil on Friday fell by their biggest weekly percentage decline since January of around 9 percent as signs of tensions resurfaced between Saudi Arabia...

Crude edges off 3-month low, but glut worries fester

Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a...

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