FG may slash oil production to boost crude price
The federal government has expressed its willingness to reduce oil output to help secure higher prices.
The decision came from a statement by the presidency...
FG Discovers Over 200 trillion cubic gas deposits in Imo
The Federal government of Nigeria says it has discovered that Imo State is richly endowed with natural mineral resources especially crude oil and gas.
According...
House probes outrageous rise in diesel, cooking gas prices.
The House of Representatives yesterday mandated its Committees on Petroleum Resources (Downstream) and Gas Resources to investigate the outrageous rise in the prices of...
Nigeria generated $4.8b revenue from non oil exports in 2022 – NEPC
The Nigerian Export Promotion Council (NEPC) says the country generated a total of $4.8b dollars as revenue from non oil exports in year 2022.
The...
Hardship in the land as transport fare in Lagos skyrockets .Motorists decry lingering...
Piqued by the current situation in the country ,Lagosian now have to contend with increase in bus fares around the metropolis.
A trip around the...
Nigeria’s poor refining capacity affecting price, availability of diesel – Expert
Mr Uche Odigbo, General Manager, Samon Petroleum Limited, Calabar Depot, on Friday said that Nigeria’s poor refining capacity is affecting the price and availability...
Rainoil Ltd. deepens gas penetration with tank capacity of 8000MT, as FG targets 5m...
Despite the challenges being witnessed in the oil and gas sector, Rainoil Limited has continued to contribute to the economic development of the country...
PIB, a useful tool for development of oil, gas resources — Petroleum engineers
The Society of Petroleum Engineers (SPE) Nigeria Council says the Petroleum Industry Bill (PIB) is a useful tool for the development of Nigeria’s oil...
Hike in electricity tariff lifts power firm’s Q1 revenue to N181bn
Recent data from the Association of Nigerian Electricity Distributors has shown that the revenue collected by power distribution companies in Nigeria currently stood at...
World Malaria Day: How Chevron Nigeria Limited supports the fight against malaria
“Defeating malaria is absolutely critical to ending poverty, improving the health of millions, and enabling future generations to reach their full potential.” This statement by...
