An ad-hoc committee of the House of Representatives on Wednesday began a probe into the alleged loss of crude oil in Nigeria worth $21billion. The House had directed the committee Continue Reading
Alhaji Alanamu Balogun is the Lagos State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN). He spoke to DANIEL ANAZIA on why incessant fuel scarcity appears to have Continue Reading
Five months after it shut down Shell flow station at Belema, hundreds of indigenes of Kula are still occupying Shell flow at Belema in Akuku-Torlu Local Government Area of Rivers Continue Reading
The Kaduna Refining and Petrochemical Company (KRPC) shut down operations on January 15 due to the non-availability of crude oil. The Executive Director, Services, of KRPC, Abdullahi Idris, disclosed this Continue Reading
A large number of youth claiming to be former armed militants in the Niger Delta area of Ondo State on Friday protested in Akure, the state capital, over their non-inclusion Continue Reading
deal . The vessel’s arrival is part of a $16 billion project by Total on the Egina field, the French company told AFP. Egina lies 150 kilometers from Nigeria’s southeastern Continue Reading
The Pan Niger Delta Forum (PANDEF) yesterday convened an emergency meeting to address the rising tension in the region, particularly the threat by the Niger Delta Avengers to commence “operation Continue Reading
A Coalition of Niger Delta Agitators yesterday listed a number of oil fields and installations as targets for resumed attacks if Federal Government failed to address specific grievances agitating the Continue Reading
The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, (TUPNI) and her partners yesterday announced the arrival of the Egina Floating, Production, Storage and Offloading unit (FPSO) to the Continue Reading
The 200,000 barrels per day Egina oil project which encompasses a 330 metre long Floating Production Storage and Offloading (FPSO) platform designed to process oil from the field from December Continue Reading
The construction of Greenfield refineries will commence this year in Kano and Kaduna, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said. Baru Continue Reading
SIX days after unknown gunmen abducted five workers of Sahara Energy, an indigenous oil-servicing firm at a border community between Edo and Delta states, the whereabouts of the victims still Continue Reading
The Nigerian National Petroleum Corporation, NNPC, on Sunday said that it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity. Continue Reading
Aagitators have endorsed plans by Niger Delta Avengers, NDA, to resume hostilities in the region in the next few days over alleged discriminatory actions of the Federal Government against theoil-producingg Continue Reading
Despite assurances by the Nigerian National Petroleum Corporation, NNPC, of a return to normalcy in fuel supply, the fuel crisis worsened, yesterday, in Abuja, while transportation costs also rose astronomically. Continue Reading
Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in Continue Reading
Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company Continue Reading
The Niger Delta Avengers, a sporadic militant group in Nigeria, said Wednesday its next round of attacks targeting deep water operations will be bloody. Nigeria is a member of the Continue Reading
Nigeria is the second-worst country in terms of electricity supply out of 137 countries ranked by the Spectator Index. It is second only to war-torn Yemen, and its national grid Continue Reading
Nigeria’s crude oil production, including condensate hit 2.057 million barrels per day (bpd) in the month of December 2017. This is higher than the 1.93 million bpd including condensate recorded Continue Reading
There seems to be no end in sight in the lingering scarcity of petrol in Kaduna state especially in the state capital, as many filling stations hoard their products in Continue Reading
A heavy explosion at the Nigeria Gas Company pipeline, which crosses the Ugbokodo community near the Warri Refinery, caused chaos in the area, according to emerging reports . The explosion Continue Reading
Barely a week after the fuel scarcity across Nigeria subsided in major cities, long queues of motorists have resurfaced at filling stations in Abuja, Lagos and other parts of the Continue Reading
An explosion ruptured a major Nigerian gas pipeline on Thursday, the state oil firm said in a statement, days after the same line was repaired following damage from a fire Continue Reading
Nigerian state oil company NNPC has issued a tender to buy up to 1.55 million tonnes of gasoline from January to April in its latest effort to stave off shortages Continue Reading
Recurrent fuel shortages in Nigeria, ironically the continent’s prime producer of the commodity, are seen as highlighting its failure to domestically refine the petroleum products it requires for its own Continue Reading
The Peoples Democratic Party (PDP) has called on security agencies to immediately probe the voluntary disclosure by the Managing Director of Nigeria National Petroleum Cooperation (NNPC), Dr. Mikanti Baru that Continue Reading
The Nigerian economy seems to be synonymous with fuel scarcity. It does not seem to matter which regime is in charge, every couple of years, or in some cases months, Continue Reading
With barely a month to the 2003 presidential election in Nigeria, Funsho Kupolokun, the Special Assistant to then President Olusegun Obasanjo hurriedly put together a bid round for three oil Continue Reading
The rise in oil production in Nigeria is a result of peaceful solutions to conflict in action, though pollution is problematic, a British official said. Harriet Thompson, the British Deputy Continue Reading
Lack of sufficient reserve, low clearance speed of petrol at the ports, diversion of products are some of the reasons for the ongoing fuel crisis being experienced in the country, Continue Reading
The incident at the Escravos Lagos Pipeline caused power cuts at several stations near the major southern city of Edo, an official statement read. “The sudden loss of generation due Continue Reading
The Senate yesterday cut short its three-week recess to convene a meeting with stakeholders in the oil sector, with a view to addressing the fuel scarcity which appears to have Continue Reading
The relief felt in Lagos is yet to extend to Abuja as the shortage of fuel persisted in the nation’s federal capital territory Wednesday. Long queues remained the main feature Continue Reading
Williams is a financial/business journalist, a communications specialist and an author. With over ten years’ newsroom experience, he has a reputation for crafting major headlines… Again, Nigeria’s government has failed Continue Reading
The Depot and Petroleum Products Marketers Association, DAPPMA, on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots. DAPPMA’s Executive Continue Reading
The Ekiti State Governor, Ayodele Fayose, has reacted to the persistent fuel scarcity in the country and called on President Muhammadu Buhari to resign for failing to ending the crisis. Continue Reading
Nigeria’s state oil firm said on Thursday it has more than doubled the daily supply of fuel for motorists to 80 million liters, amid a run on petrol that has Continue Reading
The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it released 300 trucks of petrol to Lagos and 170 to Abuja, to stem long queues at filling stations. NNPC Spokesman, Continue Reading
A Nigerian oil workers union launched a strike on Monday, citing unfair labor practices, threatening to disrupt a significant portion of the country’s oil supply. But the strike was called Continue Reading
Less than 24 hours after it began an industrial action, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has backed off following the recall of its members Continue Reading
One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said. The Petroleum and Natural Gas Senior Staff Continue Reading
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said it had mobilised its members for a nationwide strike beginning from today following inability of the Minister of Continue Reading
The Federal Government has lost $21 billion (about N7.6trn) to faulty agreements with international oil companies from 1993 to 2017. Addressing State House reporters after the cabinet meeting yesterday, the Continue Reading
Nigeria’s projected growth in refining capacity over the early 2020s will ‘substantially’ erode the country’s crude oil exports due to a ‘weak’ new project pipeline. Nigeria’s projected growth in refining Continue Reading
Despite the pledge by the Nigerian National Petroleum Corporation (NNPC) to flood the country with petrol, most of the depots in Lagos were still dry at the weekend as the Continue Reading
The additional revenue generated from the reforms will be used to help balance the federal budget and encourage fresh investment in the energy industry. “The reform is aimed at increasing Continue Reading
Nigeria’s lack of infrastructure is hampering the transportation of gas to power plants, and six plants are currently sitting idle in the country because they lack gas, according to Shell’s Continue Reading
China’s Sinopec Group has hired BNP Paribas ( BNPP.PA ) to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said, as the state-owned Continue Reading
Nigerians have been thrown into panic following the re-emergence of long queues at fuel stations in parts of the country. The situation, amid rumour of hike in pump price of Continue Reading
