Troops engaged in operations against oil thieves and bunkerers in the Niger Delta region have seized N869,283,765.00 worth of stolen petroleum products over the past […]
Tag: Petroleum
Petrol Landing Cost Drops Marginally Amid Market Volatility
The Major Energy Marketers Association of Nigeria (MEMAN) has reported a slight decrease in the landing cost of Premium Motor Spirit (PMS) to N970 per […]
Federal Government Allows Petroleum Marketers to Buy Petrol Directly from Refineries, Bypassing NNPC
The Federal Government has granted petroleum marketers permission to purchase petrol directly from local refineries, removing the Nigerian National Petroleum Company Limited (NNPCL) as a […]
SHOULD OR WOULD SUBSIDY ON PETROLEUM PRODUCTS GO? LABOUR PUTS THE COUNTRY ON NOTICE?
One befuddling indulgence of the FG, over time, is the fuel subsidy regime. There are those who would swear that what is referred to as […]
EFCC Calls for Specialized Courts to Combat Rampant Oil Theft in Nigeria
The Economic and Financial Crimes Commission (EFCC) has urged the establishment of specialized courts dedicated to prosecuting cases of oil theft in Nigeria. This call […]
Federal Government Ramps Up Efforts for Naira-Based Crude Sales to Local Refineries
The Federal Government has intensified its efforts to ensure a smooth implementation of President Bola Ahmed Tinubu’s directive for the sale of crude oil to […]
Petroleum Marketers Warn of N1,500 Per Litre Petrol Amid Supply Crisis
Petroleum marketers have raised concerns that Premium Motor Spirit (PMS), commonly known as petrol, may not be sold below N1,500 per litre under current conditions. […]
Nigeria Leads African Oil Production with 1.61mbpd Output, NUPRC Reports
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria remains the dominant crude oil producer in Africa, with a daily output of 1.61 […]
IPMAN and Rights Group Criticize Prolonged Closure of Warri Jetty and Depot
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the rights group Justice Agenda have expressed their dissatisfaction over the extended closure of the Taurus […]
NUPRC Extends 2024 Oil Block Licensing Bid Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has extended the 2024 oil block licensing bid round registration by 10 days, according to a statement by […]