President Bola Tinubu has signed three new directives in the oil and gas industry to provide fiscal incentives for connected projects, cut contracting costs and delays,...
The Economic and Financial Crimes Commission, EFCC, Uyo Zonal Command, on Tuesday September 21, 2021 took custody of two suspected illegal petroleum products dealers, Godtime Edet...
Justice Okon Abang of the Federal High Court sitting in Warri, Delta State on Monday July 12, 2021 convicted and sentenced two Motor Vessels, MV NIPAL...
A massive container ship blocking Egypt’s Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said, raising hopes the busy...
The Federal Government has reiterated its commitment to completing the rehabilitation of the Port Harcourt Refinery, saying it would be functional within 18 months. “Port Harcourt...
President of Senate, Ahmad Lawan has pushed for a cost reduction in the production of crude oil by International Oil Companies operating in Nigeria. According to...
The Petroleum Products Pricing Regulatory Agency (PPPRA) says that the utilisation of liquefied petroleum gas (LPG), also known as cooking gas, has risen from 40,000 metric...
Central Bank of Nigeria, CBN, said on Friday it had injected $262.5 million into the interbank foreign exchange market, extending efforts to improve liquidity and alleviate...
Former Petroleum Minister, Diezani Alison-Madueke, who is being investigated for a series of multi-billion dollar fraud and money laundering offences in Nigeria, the United Kingdom and...
The Senate on Thursday passed the much anticipated Petroleum Industry Bill (PIB) after 17 year of consideration: The bill has been passed as the Petroleum Industry...