Oil & gas

Why Bonny Light trades 8% higher in January

Nigeria’s crude grade, Bonny Light traded 8.3 per cent higher in January; statistics from the Organisation of the Petroleum Exporting Countries have shown. OPEC’s MOMR for February revealed that Bonny...

Seplat, NNPC empower science teachers, inspectors in Edo, Delta

Benin, Nigeria - The Management of Seplat Energy JV, in collaboration with NNPC E&P Ltd., on Thursday graduated...

Ramadan: Dangote refinery cuts ex-depot petrol price by ₦65

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known...

Oil prices rise despite multiple bearish catalysts

Oil prices are rising despite concerns about Trump imposing tariffs on trading partners and talk of a peace...

Why NNPC reduces petrol pump price

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the petrol pump price at its retail stations from...
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Why Nigeria will stop importing petrol this year – Kyari

Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Corporation (NNPC), says Nigeria will stop consuming imported Petrol by the end of 2024. “We...

Why Goldman Sachs worry over Wagner’s threat to oil prices

Goldman Sachs, a leading global investment bank, has expressed concerns about the potential impact of the rise of the mercenary group, Wagner, on the global oil market.

Nigeria-Saudi Oil Pact: A triumph for technological progress – FG

The Federal Government has signed a Memorandum of Understanding (MoU) with Saudi Arabia to establish a robust framework for collaboration between the two nations in the oil and gas sector.

Why oil production inches closer to 1.7mbpd – NNPCL

Lagos, May 20, 2024 - Crude oil production is nearing 1.7 million barrels per day, according to the Group Chief Executive Officer of the...

NNPC Ltd. ensures energy security nationwide

The Nigerian National Petroleum Company Limited (NNPC Ltd), has ensured energy security for Nigerians and motorists this Yuletide across the country.

Don’t engage in panic buying, we have enough petrol – NNPCL

The Nigerian National Petroleum Company Ltd (NNPCL) says petrol scarcity in some parts of the country has been taken care of.
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