THE Nigerian National Petroleum Company, NNPC Limited, yesterday, said Nigeria’s crude oil grades have become the most preferred choice for refiners in Europe. The Executive Director, Crude Oil and Condensate, NNPC Trading Limited, Maryamu Idris, said this at a panel presentation at the Argus ...

The Federal Government, on Monday, denied reintroducing the subsidy on Premium Motor Spirit, popularly called petrol, amid the closure of many filling stations nationwide due to various challenges in the downstream oil sector. It also said the pockets of queues observed by motorists in petrol ...

Nigerian National Petroleum Company Limited (NNPC) formally resumed its drilling campaign in the Chad Basin, Borno State, yesterday, almost three decades after it withdrew from the site due to the discovery at the time that the oil find was not in commercial quantity. NNPC assured that it had ...

By  Okechukwu Nnodim The Nigerian National Petroleum Company Limited on Friday announced the discovery of oil in Nasarawa State and said it was set to drill the first foot of an oil well in the Northern state. It said the discovery was in continuation of its oil exploration activities in the ...

The DSS threats notwithstanding, fuel scarcity persisted as Nigerians have continued to lament scarcity of petroleum products during festive periods. byMary Izuaka In 2022, Nigeria’s oil sector was riddled with numerous challenges, most notably the fuel scarcity crises that hit ...