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Petrobarometer

NNPC petrol import binge gulps $5.8bn

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said it imported 9.8 million metric tons of Premium Motor Spirit (PMS) popularly known as petrol since late 2017, which cost it

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Kachikwu insists: We won’t sell the refineries

    Kachikwu insists: We won’t sell the refineries

Ibe Kachikwu, minister of state for petroleum resources, says the federal government will NOT sell its refineries. Rather, the aim is to make Nigeria the refinery corridor for the rest

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Barkindo: Oil producers need $10.5tr investments to meet rising world oil demand

    Barkindo: Oil producers need $10.5tr investments to meet rising world oil demand

Mohammed Barkindo, secretary general of the Organization of Petroleum Exporting Countries (OPEC), has expressed concern over the powerful cartel that gives rise to the continued instability in the international oil

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Nigeria ‘not worried’ about falling crude oil prices

    Nigeria ‘not worried’ about falling crude oil prices

Ibe Kachikwu, minister of state for petroleum resources, says Nigeria is unruffled by the slide in crude oil prices, maintaining that the country can comfortable ride the storm with oil

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Kachikwu to NNPC: Do whatever it takes to end petrol queues in Abuja

    Kachikwu to NNPC: Do whatever it takes to end petrol queues in Abuja

Ibe Kachikwu, minister of state for petroleum resources, says the Nigerian National Petroleum Corporation (NNPC) should “do whatever it takes”

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Nigeria losing billions of dollars from PSCs, says Kachikwu

    Nigeria losing billions of dollars from PSCs, says Kachikwu

Ibe Kachikwu, minister of state for petroleum resources says Nigeria loses billions of dollars from royalties accruing from production sharing

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Oil contribution to GDP rebounds after four-year fall — but Nigeria still vulnerable

    Oil contribution to GDP rebounds after four-year fall — but Nigeria still vulnerable

Oil contribution to Nigeria’s gross domestic product (GDP) is on the rise after witnessing a downward trend over a four

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Oil falls below $60— Nigeria safe for now

    Oil falls below $60— Nigeria safe for now

The global crude oil market seems not to have recovered from the fears of another supply glut as West Texas

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Crude oil loses $3 in a week — good and bad news for Nigeria

    Crude oil loses $3 in a week — good and bad news for Nigeria

The price of Brent crude — the equivalent Nigeria’s Bonny light — has dropped by $3.31 between Monday and Friday

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NNPC to import 100m litres of petrol daily to tackle scarcity

    NNPC to import 100m litres of petrol daily to tackle scarcity

In a bid to tackle the fuel shortages still ravaging some parts of the country, the Nigerian National Petroleum Corporation

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