In a landmark move in reducing pressure on the Naira, eliminating unnecessary transaction costs, and improving the availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as the corresponding purchase of petroleum products in Naira. The Hon. Minister of Finance and Coordinating Minister of the […]

The Nigerian Federal Government has shown sheer determination to ensure a boost in the nation’s upstream and downstream sectors. Through the Ministry of Finance, the Federal Government has introduced groundbreaking concessions to revitalize Nigeria’s oil and gas industry. According to the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun the […]

The Nigerian Minister of State for Petroleum (Gas) Hon. Ekperikpe Ekpo has reiterated the present government of President Ahmed Bola Tinubu’s unwavering commitment to harnessing and utilization of the nation’s abundant natural gas reserves through indigenous companies’ direct investment participation. Disclosing this great feat achievement in the sector, the Hon Ekperikpe stated that a significant […]

The Nigerian presidential spokesman and senior special assistant Stanley Nkwocha disclosed that ExxonMobil has unveiled plans to invest $10 billion in Nigeria’s deepwater oil development. Nigeria’s Vice President Kashim Shettima “welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly policies,” […]

As part of the Board’s effort to boost access to in-country marine vessel capacities, the Nigerian Content Development and Monitoring Board (NCDMB) has unveiled the Marine Vessel Information System Software (MAVIS) to industry stakeholders in Lagos. The application was unveiled at an engagement organized by the Board in Lagos on Wednesday. Speaking at the program, […]

In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd. has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd.’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the sidelines of the ongoing 2024 […]

In the course of boosting the country’s investment portfolio in the energy industry, NNPC Limited is actively participating in key discussions at Gastech 2024 in Houston, Texas, focusing on the exchange of insights regarding real-world strategies and business models that are driving climate actions. The globally acclaimed energy event which has currently entered Day 2, […]

The $550 million upstream gas project between the NNPC Ltd. and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. The […]

The NNPC Ltd has in its recent press release estimated the various prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. In furtherance to the above, NNPC Ltd also stated that this is in line with the provisions of the Petroleum Industry […]

NNPC Ltd. trucks are currently arriving at the Dangote Refinery in preparation for the scheduled petrol loading which is expected to commence on Sunday, September 15, 2024. This has corroborated the insinuation that the product will soon flood the domestic filling stations. According to information made available on its X social media handle, at least […]