‘It is a double tragedy,’ says Dangote, insisting NNPC and marketers must begin to source fuel locally and stop importing.’
NNPC
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LPC reduces as naira gains ground, oil prices decline.
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NNPC and NMDPRA leaders push for a live televised Senate hearing to address oil sabotage claims, aiming to provide public transparency and clarity.
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Nigeria’s LNG exports have dropped by 13% due to persistent gas shortages, impacting the economy and highlighting energy sector challenges.
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Nigeria – Despite its vast oil reserves, Nigeria faces significant hurdles in achieving its target of attaining a two million barrels per day (BPD) oil production capacity. The country’s oil …
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The Nigerian National Petroleum Company Limited (NNPC Ltd.), the largest company in the country, has announced that it will move a significant portion of its revenues and other banking services …
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The Nigerian Senate is set to summon the Nigerian National Petroleum Company Limited (NNPC) to address concerns about the lack of funding for exploring and developing new frontier acreages. This …
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In the face of ongoing debates about fuel subsidies, experts and industry stakeholders are challenging the Nigerian government’s assertion that it has ceased subsidizing petrol. The controversy deepens as the …
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Nigeria’s naira, which has been fluctuating in the foreign exchange market, is expected to stabilise soon as the $3 billion loan secured by the government from the African Export-Import Bank …