Timipre Sylva, minister of state for petroleum resources, says the federal government is committed to ensuring that all local and international oil companies return to full domestic oil production. Sylva,
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The house of representatives has resolved to set up an ad hoc committee to investigate a whistleblower’s claims that 48 million barrels of Bonny Light crude were illegally sold in
Nigeria recorded a shortfall in crude oil production totalling 6.9 million barrels per day (bpd) between January and November, 2022. This is contained in reports obtained from the Organisation of
Oil prices, on Friday, fell as the market assessed the aftermath of interest rate hikes at central banks. Brent crude
Savannah Energy Plc, a British independent energy company, says it has terminated the shares purchasing agreement (SPA) with Petronas, Malaysian
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the country lost 619.7 million barrels of crude oil valued at N16.25
The Independent Petroleum Marketers Association of Nigeria (IPMAN) Ogun chapter, has threatened to shutdown all its outlets across the state
The house of representatives has asked the Nigerian National Petroleum Company (NNPC) Limited to end the current petrol scarcity crisis
The Major Oil Marketers Association of Nigeria (MOMAN) says the prolonged petrol subsidy is making institutions less capable of addressing
