Tuesday, May 11, 2021

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NNPC enters $1.5bn oil prepayment deal with traders

    NNPC enters $1.5bn oil prepayment deal with traders
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Mele Kyari: Fuel subsidy removal reduced FG’s expenses by $400m

    Mele Kyari: Fuel subsidy removal reduced FG’s expenses by $400m

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the act of removing fuel subsidy from the 2020 budget has saved the government $400 million. Speaking

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PPPRA: Deregulation will force down petrol price

    PPPRA: Deregulation will force down petrol price
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Ijaw leaders threaten to disrupt AKK gas project over neglect of $16bn export processing zone

    Ijaw leaders threaten to disrupt AKK gas project over neglect of $16bn export processing zone

The Ijaw and Itsekiri people of Gbaramatu and Ugborodo in Delta state have threatened to disrupt the federal government’s $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. Speaking at a joint

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Sylva: We didn’t promise to keep petrol prices low permanently

    Sylva: We didn’t promise to keep petrol prices low permanently

Timipre Sylva, minister of state for petroleum resources, says the federal government did not promise to permanently reduce petrol price.

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Reps probe NNPC over ‘$1bn illegal withdrawal’ from NLNG account

    Reps probe NNPC over ‘$1bn illegal withdrawal’ from NLNG account

The house of representatives has resolved to investigate the Nigerian National Petroleum Corporation (NNPC) for “illegal withdrawals” from the Nigerian Liquefied Natural Gas Limited (NLNG) account. At Tuesday’s plenary session,

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Oil prices drop as US COVID-19 cases surge raise demand concerns

    Oil prices drop as US COVID-19 cases surge raise demand concerns

Oil prices fell on Tuesday, erasing earlier gains, on fears that the recent spike in confirmed COVID-19 cases in the

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NEITI wants ECA funds moved to NSIA as part of economic reform

    NEITI wants ECA funds moved to NSIA as part of economic reform
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Atlas Petroleum resumes development of OML 109

    Atlas Petroleum resumes development of OML 109
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‘They first said I stole $801m… they’ve reduced it to N200m’ — Adoke attacks Italian prosecutors

    ‘They first said I stole $801m… they’ve reduced it to N200m’ — Adoke attacks Italian prosecutors

Mohammed Bello Adoke, former attorney-general of the federation, has described as “evil and despicable” claims by Italian prosecutors, led by

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Top management staff affected in NNPC shake-up

    Top management staff affected in NNPC shake-up

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments among its top managerial level.

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EFCC denies dropping Adoke from key OPL 245 case — despite evidence

    EFCC denies dropping Adoke from key OPL 245 case — despite evidence

The Economic and Financial Crimes Commission (EFCC) has denied dropping Mohammed Bello Adoke from a key OPL 245 case —

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EFCC drops Adoke from key OPL 245 case, files fresh charges against Malabu

    EFCC drops Adoke from key OPL 245 case, files fresh charges against Malabu

The Economic and Financial Crimes Commission (EFCC) has arraigned Malabu Oil and Gas Limited on fresh charges of money laundering

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Report: Nigeria’s imported petrol dirtier than illegally refined in Niger Delta

    Report: Nigeria’s imported petrol dirtier than illegally refined in Niger Delta

A new report published by Stakeholder Democracy Network (SDN), an international resource watchdog group, says refined petroleum products imported into

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Buhari: AKK project will revive moribund industries, lead to new ones

    Buhari: AKK project will revive moribund industries, lead to new ones

President Muhammadu Buhari says the 614km Ajaokuta-Kaduna-Kano (AKK) gas pipeline, when completed, will lead to the revival of moribund industries

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Buhari to flag off construction of 614km AKK gas pipeline — 12 years after its conception

    Buhari to flag off construction of 614km AKK gas pipeline — 12 years after its conception
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