Category: Business

FG spends a whooping N18.397bn on petrol subsidy daily – Minister of Finance

By Mukwuzi Joseph Minister of Finance, Budget, and National Planning, Zainab Ahmed has opened up on the amount the Federal Government spends as a subsidy for Premium...

Outgoing Secretary-General of OPEC Muhammad Barkindo is dead

The outgoing Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Muhammad Sanusi Barkindo, is dead. He died at about 11 pm on Tuesday, July 5....

JPMorgan Wins $1.7 Billion UK Trial Over Nigeria

JP Morgan Chase & Co won a $1.7 billion London court battle with the government of Nigeria over its role in the transfers of hundreds of millions of dollars to a...

Reprieve for Ernest Omo-Ojo as ExxonMobil Rescinds Sack after mediation by Minister of Petroleum resources Timipre Sylva

After three years of search for justice, reprieve finally came the way of veteran image-maker, Ernest Omo-Ojo following the successful mediation by the Honourable...

Airline operators call-off planned suspension of Domestic flight

Domestic airline operators, under the aegis of Airline Operators of Nigeria, AON, have called off their planned suspension of flights which was billed to commence on...

NNPC to grant Airline operators Licence to import Aviation fuel

The Nigerian National Petroleum Company (NNPC) has announced that it would grant a license to the Airline Operators of Nigeria (AON) to start importing aviation fuel,...

NNPC Reassures Nigerians on Fuel Supply

…..Promises Remedial Action on Defaulting Importers The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore...

NNPC Records $224.29million Proceeds from Export of Crude Oil, Gas in August

The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in...

NIGERIAN MIDSTREAM AND DOWNSTREAM PETROLEUM REGULATORY AUTHORITY (NMDPRA)

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (The Authority) wishes to inform the general public that – a limited quantity of Premium Motor...

Oil vessel located in the Escravos area of Delta state explodes, workers missing (video)

By Mukwuzi Joseph Seafarers and project crew are reported missing following an explosion that occurred on board a Floating Production Storage and Offloading unit. The...