Business & Economy
Oil producing states to lose N18.8bn in oil and gas revenues
The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at [Read more…]
Petroleum
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Diesel may sell for N1,500 per litre in Nigeria
About 75 per cent of filling stations across the country are currently out of business due to their inability to purchase diesel required to [Read more…]
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$4billion stolen by oil thieves in 9 months – Tony Elumelu
The Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, disclosed that Nigeria lost $4 billion worth of crude oil to thieves in the first [Read more…]
Business & Economy
Crude oil: Libya beats Nigeria, becomes Africa’s biggest producer
Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month amid lingering supply disruptions, [Read more…]
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Fuel price will be increased after negotiations with Labour unions
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the downstream oil sector. It [Read more…]
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Govs to tackle FG over Petroleum Industry Bill today
The 36 state governments will today (Thursday) at the Federation Account and Allocation Committee meeting review the Petroleum Industry Bill, which was signed into [Read more…]
Headlines
Restoration of Addax license: Senator Magnus Abe goofed – Eze
…His Attack on President Buhari Unwarranted, Uncivilized Former Rivers South/East Senator, Magnus Abe, seems to have taken his crude insubordination and moderate intellectual disability [Read more…]
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Petroleum Technology Development Fund stops overseas scholarships
The Executive Secretary of the Petroleum Technology Development Fund (PTDF), Dr Bello Aliyu Gusau said all undergraduate programmes for sponsorship by the agency would [Read more…]
Headlines
Fuel scarcity looms as petroleum tanker drivers commence strike on Monday
The Petroleum Tankers Drivers (PTD), an arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has vowed to commence a nationwide [Read more…]
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Diezani’s USA properties to be seized over $10 billion fraud
Former Petroleum Resources Minister Diezani Alison-Madueke is likely to lose some United States properties traced to her. The Economic and Financial Crimes Commission (EFCC) [Read more…]