It was said that Nigeria's oil industry would gain pace heading into 2022 after the passage of the Petroleum Industry Act (PIA) and a moderate recovery from a COVID-19-induced recession; but, the sect...
The petroleum industry act 2021 establishes the legal, governance, regulatory/budgetary framework for the Nigerian Petroleum Industry and also the development of host communities.As an independent com...
News reaching shows that oil marketers are currently converting some of their trucks to begin distributing gas to filling stations in order to distribute Compressed Natural Gas (CNG) to gas-powered ve...
1. Background Information:- The article centers around the Federal Government of Nigeria's efforts to implement crude oil sales to local refineries in naira and the upcoming petrol pricing at Dangote ...
Nigeria used an amount of N4.56 trillion on the importation of fuel in 2021 over 128% bigger than the N2 trillion disbursed on fuel importation in 2020. This is by foreign exchange data newly c...
Yesterday, the Senate threatened to remove and sentence the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and other top executive officers of petroleum su...
The globally renowned "The Banker Magazine" of the Financial Times Group has named FirstBank "Most Valuable Bank Brand in Nigeria" six times consecutively (2011–2016); "Best Retail Bank in Nige...
The Nigerian National Petroleum Company Limited (NNPCL) reported 188 cases of oil theft between August 24 and 30, 2024, with incidents spread across the Niger Delta. Key findings include:1. Illegal Re...
Nigeria's downstream sector refers to the activities and processes involved in the refining, distribution, and marketing of crude oil and petroleum products. The downstream sector is a critical aspect...
Fuel subsidy has been one of the main agenda which President Bola Tinubu stressed during his campaign and even at his inauguration say. He stated categorically that his government will remove fuel sub...