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Oil & Gas

Businesses, Economists Foresee CBN Holding Rates at 26.5% Amid Inflation Risks

  The Central Bank of Nigeria (CBN) is widely expected to retain its benchmark Monetary Policy Rate (MPR) at 26.5 per cent when the Monetary Policy Committee (MPC) concludes its...

FG Opens Talks with Dangote as Marketers Suspend Petrol Purchases, Depot Prices Hit N1,350

  Independent petroleum marketers have suspended fresh petrol purchases over mounting pricing uncertainty, prompting the Federal Government to open...

Villa Sign Joao Gomes From Wolves

  Aston Villa won the race to sign Brazil midfielder Joao Gomes from Wolves on Monday in a deal...

Chelsea Sign Man Utd Striker Malard for £850,000

  Chelsea have signed France forward Melvine Malard from Manchester United for a fee of about £850,000. The 26-year-old is...

Players to Undergo Sex Test to Play on WTA Tour

  The Women's Tennis Association (WTA) is to require all players to undergo genetic sex testing in order to...
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Breaking: Tinubu Reconstitutes NNPCL, Kyari out, Bayo in*

President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and...

Dangote Refinery Moves to End Fuel Supply to Nigerian Market

Nigeria’s downstream oil sector is in fear of possible return to fuel shortage regime, following emergence of indications on Wednesday that Dangote Refinery plans...

NNPC clarifies Naira crude contract with Dangote Refinery

By AbdulRahman Obaje The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its contract with Dangote Refinery for the sale of crude oil in Naira...

Reps Secure Seven Major Oil Firms’ Commitment to Settle $37.4m Debt

By Orkula Shaagee The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately ₦58 billion) owed the...

NNPC Ltd, Ssonic Petroleum Sign 80mmscf/d Gas Supply Deal

By Orkula Shaagee The NNPC Gas Marketing Ltd. (NGML), and NIPCO Gas Ltd., have signed an agreement with Ssonic Petroleum Ltd. to supply natural gas...

Group Demands Dokubo, Others’ Arrest over Alleged Threats to Disrupt Oil Production

By Orkula Shaagee The Rivers Restoration Movement (RRM) has demanded the arrest of prominent Ijaw leaders over alleged threats to disrupt oil production if the...
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