OIL & GAS

Africa’s richest man Aliko Dangote says Nigerians should expect a drop in inflation given the reduction of diesel pump prices. He stated this on Wednesday during a chat with journalists after he paid Eid-el-Fitr homage to President Bola Tinubu at his Lagos residence. “I…

AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to filling stations nationwide. Dangote Refinery, which can refine…

The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide. Dealers and officials of the plant confirmed this on Tuesday, as it was gathered that the refinery commenced diesel sales last week. “They…

The Federal Government, on Monday, announced a new price of natural gas for power generation companies. An agency of the Federal Government, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), unveiled the new domestic base price and wholesale prices of natural gas…

The Nigerian National Petroleum Company Limited (NNPCL) has described rumours of petrol price adjustment as false. Dispelling the rumours in a statement on Wednesday, the Chief Communications Officer, NNPCL, Olufemi Soneye, urged Nigerians to disregard them entirely. He reaffirmed the NNPCL commitment to sustaining…

The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to raise crude oil production from the current 1.6 million barrels per day to three million barrels per day. This is just as it revealed plans to increase the nation’s crude oil refining…

The group chief executive officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari, has said that the Port Harcourt Refinery has received 450,000 barrels of crude for processing following the mechanical completion of the plant in December last year. He said…

The Nigerian National Petroleum Company Limited (NNPCL) has successfully deactivated 6,409 illegal refineries in the Niger Delta region to combat oil theft. The Managing Director of NNPC Limited, Mele Kyari, revealed this on Monday during an interactive session with the chairman of the…

Shell Nigeria Plc says it will assist the Nigerian government in providing electricity for millions of people, using renewables. Renewable energy sources include solar, wind, water and other sources that are naturally replenished. Renewable energy is different from non-renewable energy sources like coal,…

The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in Africa. The bank disclosed investing $30bn in industry projects, with Nigeria receiving 60 per cent despite reduced global funding for hydrocarbon ventures in…