Retailing stations operated by the Nigerian National Petroleum Corporation (NNPC) would have the Compressed Natural Gas (CNG) by December, Group Managing Director (GMD) Malam Mele Kyari, said on Monday. According to him, the deployment will be extended to independent retail stations as the NNPC plans to replicate the plants inRead More

The Nigerian National Petroleum Corporation (NNPC Retail), KCB Bank Kenya and Ghana Union Assurance are some of the organisations that won the 2020 Africa Finance Awards. Other winners mentioned in a statement by the organisers included Credit Ville, Infinity Mortgage Bank Plc, Norremberger, Hygeia HMO, Crystal Finance, Xymbolic Development, MarvelousRead More

Lagos — The federal government has listed over 9000 stations for collocation of autogas nationwide this year as part of the process of replacing preference for gasoline with Liquefied Natural Gas, LNG and Compressed Natural Gas, CNG. This was revealed by Engr. Justice O. Derefaka, the Technical Adviser on Gas BusinessRead More

More than N76.5bn has been paid for the purchase of petrol by consumers since the downstream oil sector was deregulated in March this year, Okechukwu Nnodim reports After the Federal Government deregulated the downstream sector of the oil industry on March 19, consumers of Premium Motor Spirit, popularly called petrol,Read More

…Calls for Collaboration among Downstream Players across Africa The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. This was the submission of the Group Managing Director of the NigerianRead More

  Last week, the Nigerian Association of Petroleum Explorationists (NAPE) commended the Nigerian National Petroleum Corporation (NNPC) and its Group Managing Director, Malam Mele Kyari, for executing oil exploration in the Benue Trough and Chad Basin despite the Coronavirus pandemic. The President of NAPE, Mr. Alex Tarka, who relayed theRead More

The nation’s gas exports have rebounded from the COVID-19 pandemic, rising for the fourth straight month in July to 115.71 billion cubic feet, the highest level in more than a year. Nigeria, which has the largest gas reserves in Africa and the ninth-largest in the world, exports gas mainly throughRead More

NUPENG, PENGASSAN order total shutdown of U.S oil supermajor’s operations over sack of 1000 staff in Nigeria   The oil production at the 220, 000 barrels per day Agbami oilfield and operations at other assets of Chevron in Nigeria are under a serious threat as labour unions in the oilRead More

Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has hailed the decision of labour leaders to suspend their planned protest scheduled to have commenced Monday. Kyari, in a tweet on his official Twitter handle on Monday, praised the leadership of the unions for choosing the pursuit ofRead More

Prof. Wumi Iledare, on Monday, said that there was no need for organised labour to embark on strike over the deregulation of the downstream oil sector. Iledare, a Professor of Petroleum Economics,  in Abuja, said that deregulation of the sector was a must-do for the growth of the country. “DeregulationRead More