NNPC moves to end crude oil swap contracts
The National Petroleum Company Limited (NNPCL) has said it is winding down crude swap contracts with traders and will pay...
Oil and Gas
OPEC, OPEC+ agree on crude oil production cut
In an effort to establish crude oil market stability globally, OPEC and Non-OPEC Ministerial Meeting has agreed to cut daily...
IPMAN commends approval for private importers of petrol, predicts price fall
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended the Federal Government for approving importation of petroleum products by...
NLC orders nationwide strike over fuel subsidy removal
The Nigeria Labour Congress (NLC) said it would begin a nationwide strike on Wednesday over the current increase in the...
We won’t fix petrol prices again – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for...
ECA calls for inclusive tax system to secure SDGs
The United Nations Economic Commission for Africa (ECA) has called for an inclusive international tax system and an overhaul of...
PANDEF backs fuel subsidy removal
Pan-Niger Delta Forum (PANDEF) has expressed support for fuel subsidy removal, even as it called for immediate palliatives to cushion...
Fuel subsidy not in 2023 budget – NNPC
Mr Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC), has said that contrary to speculations, the immediate...
Regulator warns petrol marketers against sharp practices
The Adamawa State office of the Nigeria Midstream and Down Stream Petroleum Regulatory Authority (NMDPRA) has warned Independent Petroleum Marketers...
TotalEnergies approves N8.5bn dividends for 2022
Shareholders of TotalEnergies Marketing Nigeria Plc have approved N8.49 billion dividend payout for 2022 financial year that translated to N25...
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