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Oil Theft: Nigeria Loses $750m In 2019

Mele Kyari, MD, NNPC   About $750 million was lost to  oil theft in 2019,  according to the  Nigerian National Petroleum Corporation (NNPC) Group Managing Director,...

Smuggling of Nigeria’s Petrol to Mali, Ghana Others blamed on Price Disparity

Price disparity of Premium Motor Spirit, known as petrol , between  Nigeria on one hand   and  Ghana,  Burkina Faso, Mali and Cote d’Ivoire on...

FG Says Petrol Landing Cost Is Now N185 Per Litre

  In what could be interpreted to mean an explanation for the ongoing subsidy on fuel consumption by Nigerians and justification of an  impending increase...

FG Told to Halt Allocation of Oil Blocks to Individuals, Corporate Bodies

 The Federal Government has been asked to stop allocating oil blocks to individuals and corporate bodies.   Activist Lawyer, Femi Falana (SAN) gave the advice in...

Bonny Light Price Rises to $67.48 Per Barrel

The price of Nigeria’s premium oil grade, Bonny light  has risen from $66.00 to $67.48 per barrel, the highest in recent times, as the...

NNPC Plans Fertilizer, Power Plants in Abuja, Kano, Kaduna , Bayelsa

Three new Independent Power Plants (IPPs) which are  expected to add 4,0000 megawatts of power to stabilise the national grid are being proposed for...

Fuel Diversion: NNPC Partners with African Transportation Union

 The Nigerian National Petroleum Corporation (NNPC) is seeking  collaboration with members of the African Union of Transportation and Logistics Organization to check rising incidents...

Oil Marketers Direct Members to Shut Down Operations

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Sunday directed its members to shut down all loading operations by midnight. The directive...

Oil Prices Could Rise to $100 a Barrel by 2019 – Trafigura

Oil prices could rise to 90 dollars per barrel by Christmas and to 100 dollars per barrel by the New Year, Trafigura’s Co-Head of...

Nigeria’s Oil Exports to Crash to 1.43m Barrels Per Day in July

Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day(bpd) the lowest level so far this year, loading...

NNPC Fails to Make Audited Account Public

The Nigerian National Petroleum Corporation (NNPC) said  that it has completed the outstanding audit on its financial statements from the years 2011 to 2016,...

PPRA Denies Knowledge of Subsidy Payment

Petroleum Pricing Regulatory Agency, PPRA, has denied knowledge of details of payment of subsidy of Premium Motor Spirit (PMS) by Nigerian National Petroleum Corporation...
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NIMASA Committed to Creating Enabling Environment for Maritime to Thrive- Jamoh

To Continue to Prevent Marine Pollution   As part of measures to  continue to create an enabling environment for the maritime  sector to thrive, the...

Lagos , Security Operatives to Enforce Ban on Okada from June – Sanwo-Olu

The Lagos State Government has pledged that it  will go ahead with its proposed ban on commercial motorcycles, known as okada on highways and...

26 Global Firms In Alliance to Make Workforce Fit for Sustainable Maritime Future

 Industry players from across the global maritime value chain came together in Zurich on 24 May to launch the All Aboard Alliance, which will...

Okada Ban: Lagos State Gets Backing of Arewa Community

 Sequel to the Lagos State total ban  on the operation of  Okada riders in some  Local Government Areas  in the Lagos metropolis , effective...