Business
Tinubu signs executive order to end NNPC’s 30 percent oil revenue deduction
President Bola Tinubu on Wednesday, February 18, signed an executive order to end the 30 per cent deduction of oil revenues by the ...
Economy
Tinubu sign executive order to channel all oil, gas revenues directly to federation account
President Bola Tinubu has signed an executive order directing that all proceeds from Nigeria’s oil and gas sector flow directly into the Federation ...
Business
NNPCL received N453.455bn from Frontier Exploration Fund in 2025 – FAAC reports
The Nigerian National Petroleum Company Limited (NNPC Ltd) received over N453.455 billion in the 12 months of 2025 from the newly established Frontier ...
Business
Operating at monumental loss forced us to halt operations of state owned refineries – NNPC boss, Bayo Ojulari reveal
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited, Bayo Ojulari, on Wednesday, February 4, disclosed that Nigeria’s state-owned ...
Business
NNPCL commends Chevron joint venture on new oil well discovery in Delta
The Nigerian National Petroleum Company Limited (NNPCL) on Monday, January 26, commended Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, on ...
Business
FG enforce 0.5% levy on wholesale price of petroleum products, natural gas
The federal government, on Wednesday, January 14, tightened regulatory pressure on fuel suppliers and their wholesale customers in the downstream petroleum sector with ...
Business
Tinubu cancels $1.42bn, N5.57tn NNPCL debt owed to federation account
President Bola Tinubu, on Monday, December 29, in Abuja, approved the cancellation of a substantial portion of debts owed by the Nigerian National ...
Business
NMDPRA boss dismisses Dangote’s corruption claims, invites CCB, EFCC probe
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr. Farouk Ahmed, has dismissed allegations that the funding ...
Business
Dangote accuse NMDPRA of colluding with international traders, importers, issuing them licences to import petroleum products from Russia
Aliko Dangote, chairman of Dangote Industries Limited (DIL), has accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of colluding with international ...
Business
FG unveils first gas trading licence, settlement authorisation
The federal government unveils the country’s first gas trading license, clearing house, and settlement authorization, poised to transform Nigeria’s gas sector. The Nigerian ...