The Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari has revealed that the Federal Government is no longer paying subsidy on Petroleum Motor Spirit (PMS), popularly known as petrol.
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Aliko Dangote’s stepbrother, Sayyu Dantata, and three other billionaires, have been awarded multimillion-dollar contracts for pipeline rehabilitation to four indigenous oil companies by the Nigerian National Petroleum Corporation Limited (NNPC), in a significant move aimed at revitalizing Nigeria’s aging pipeline infrastructure, Billionaires Africa has reported.
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has appealed to the Federal Government to find a lasting solution to the rising price of cooking gas in the country.
The Imo state governor, Hope Uzodimma has said that the hydrographic and bathymetric investigative survey report of the Oguta Lake will help to optimize the gas sector in the state.
The Sokoto State Commissioner for Solid Minerals Development, Isah Tanbagarka says the state government will collaborate with foreign and local investors to fully exploit the abundant solid minerals in the state.
The Permanent Secretary, Ministry of Petroleum Resources, Mr Gabriel Aduda, says Canada has pledged to collaborate with Nigeria on developing a robust gas infrastructure network.
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with Africa Indorama Energy Petrochemical Ltd. to supply 800 million scuff of gas to promote industrialisation in Nigeria.
The Brent crude oil, on Thursday, reached its global highest price of $94 per barrel in the year running of 2023. Tight supply conditions are seen as reasons for the surge.
ASHENEWS reports that the Organization of Petroleum Producing Countries (OPEC) says crude oil output production increased mainly in the Islamic Republic of Iran, Nigeria and Iraq.
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has asked the Anambra state governor, Chukwuma Soludo to pay the N900.7 million debt owed to its members over supply of diesel.