President Bola Tinubu has approved the necessary licences for the Kolmani Integrated Development Project, a major oil exploration venture located between Bauchi and Gombe states.The move is expected to boost crude oil output by reopening oil production sites and supporting new developments across the country.The announcement was made during the launch of the construction workContinueContinue reading “Tinubu approves Northern oil projects”
Category Archives: Oil & Gas
NNPCL reduces petrol price
The Nigerian National Petroleum Company Limited (NNPCL/ has reduced its premium motor spirit price.It was observed on Saturday that the petrol price at NNPCL filling stations in the Federal Capital Territory, Abuja, has been reviewed downwards to N935 per litre from N950.Some motorists in Abuja confirmed the new fuel price adjustment at NNPCL retail outlets.AbdullahiContinueContinue reading “NNPCL reduces petrol price”
Dangote refinery reduces petrol price to N865/litre
Dangote Petroleum Refinery has cut the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N880 per litre to N865 per litre, marking a 1.7% reduction.The decrease is a result of the drop in crude oil prices, which have fallen to $63 per barrel in April from over $70 per barrel inContinueContinue reading “Dangote refinery reduces petrol price to N865/litre”
FG says Naira for crude still effective
The Federal Government has announced the continuation of the naira-for-crude oil initiative following the conclusion of its first phase on March 31.The decision was made public on Monday after a meeting involving the technical sub-committee on the crude and refined product sales in naira initiative.In attendance were Minister of Finance Wale Edun; Zacch Adedeji, chairmanContinueContinue reading “FG says Naira for crude still effective”
NNPCL raises petrol pump prices
The Nigerian National Petroleum Company Limited (NNPC) has increased the price of petrol, also known as premium motor spirit, to N950 per litre in Abuja.This adjustment comes after the company previously set the price at N880 per litre.In Lagos, petrol now costs N925 per litre, rising from the previous price of N860.The increase was observedContinueContinue reading “NNPCL raises petrol pump prices”
Breaking: Tinubu sacks Kyari as NNPCL boss, appoints replacement
President Bola Tinubu has relieved Mele Kyari of his duties as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, while also dissolving the company’s board.The announcement, which takes immediate effect from April 2, was conveyed in a statement issued by the President’s Special Adviser on Information and Strategy, BayoContinueContinue reading “Breaking: Tinubu sacks Kyari as NNPCL boss, appoints replacement”
Another explosion rocks oil facilities in Rivers
In less than 12 hours, another explosion has rocked an oil facility in Ogba/Egbema/Ndoni Local Government Area of Rivers State, making it the second incident in the state.The blast occurred at a manifold connecting a federal pipeline in the Okwawriwa area of ONELGA on Tuesday morning, sending massive flames into the air.Eyewitnesses said the explosionContinueContinue reading “Another explosion rocks oil facilities in Rivers”
Ogun govt faults Ondo’s claim over Eba Island, warn against territorial conflicts
The Ogun State Government has firmly dismissed claims by its Ondo State counterpart regarding the ownership of Eba Island, where an oil well is currently under investigation.The state emphasised that the island falls within Ogun State’s jurisdiction.The government cautioned against misinformation and any attempt to stir communal tensions between the Ijebu and Ilaje peoples, whoContinueContinue reading “Ogun govt faults Ondo’s claim over Eba Island, warn against territorial conflicts”
Breaking: NNPCL reduces petrol pump price to N945
The Nigerian National Petroleum Company Limited (NNPCL) has announced a slight reduction in the petrol pump price at its retail outlets, lowering the cost from N960 to N945 per litre. The price adjustment took effect on Thursday, Feb. 13 following directives from the company’s headquarters to its filling stations.A visit to an NNPC station inContinueContinue reading “Breaking: NNPCL reduces petrol pump price to N945”
Shake-up looms at NNPCL as Tinubu moves to appoint new leadership
President Bola Ahmed Tinubu is reportedly making changes at the Nigerian National Petroleum Company Limited (NNPCL), with plans to replace the current Group Chief Executive Officer, Mele KyariAccording to some sources, Bayo Ojulari, a former Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), is expected to take over from Kyari.In addition, Ahmadu MusaContinueContinue reading “Shake-up looms at NNPCL as Tinubu moves to appoint new leadership”