The Socio-Economic Rights and Accountability Project (SERAP), yesterday, urged President Bola Tinubu to set up a presidential panel of enquiry to probe the alleged missing and unaccounted $15 billion of oil revenues, and N200 billion budgeted to repair the refineries between 2020 and 2021, as documented by the Nigeria Extractive Industries Transparency Initiative (NEITI). SERAP also urged the President to …

The Forward Operating Base (FOB) of the Nigerian Navy, Badagry, on Saturday, warned petroleum dealers in the town over the smuggling of Premium Motor Spirit (PMS) known as petrol to neighbouring countries. The Commanding Officer of FOB, Nigerian Navy, Capt. Adams Aliu gave the warning at a stakeholders’ meeting with the Petroleum Dealers Association (PDA), Badagry Chapter, at the Base …

Socio-Economic Rights and Accountability Project (SERAP) has blamed oil and gas companies operating in the Niger Delta for the environmental degradation in the region. The group’s position is contained in a report commissioned by SERAP titled, “We Are All Vulnerable. How Lack Of Transparency and Accountability Is Fueling Human Rights Violations in the Niger Delta’’. It called on the federal …

By the last day of November, this year, Dangote Refinery will begin the refining of 650,000 barrels per day (b/d) of Premium Motor Spirits (commonly called petrol or fuel). A month earlier, the refinery, inaugurated by the then President Muhammadu Buhari last 22nd May and heralded as a game-changer for Nigeria and sub-Saharan Africa, will begin the commercial production of …

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Barrister Dele Kelvin Oye has commended President Bola Ahmed Tinubu, Indorama Eleme Petrochemicals Limited and the NNPC Limited on the successful signing of a landmark Memorandum of Understanding (MoU) worth US$ 7 billion to promote gas utilisation in Nigeria. In a statement, Oye said …

Another hike in the pump price of Premium Motor Spirit (popularly called petrol or fuel) is imminent, marketers warned on Sunday. They blame the situation on the increased cost of crude oil and depreciation of the Naira. Crude oil cost and the exchange rate account for over 80 per cent of the cost of PMS. Brent crude, the global benchmark …

The managing director/CEO, of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, has said Africa is emerging as a critical global gas supply source, with production expected to double, solidifying the continent’s role in global energy security. He also said that natural gas should and will play a significant role in Africa’s energy mix to meet the demands arising from rapid …

The Nigerian National Petroleum Company Limited (NNPCL) has appointed new executive vice presidents for the upstream, downstream and gas sectors. The appointment was announced  by the company’s Chief Corporate Communications Officer, Garba Deen Muhammad and made available to the public via NNPCL’s official handle on X(formerly Twitter). PRESS RELEASE NNPC LTD. MAKES SENIOR MANAGEMENT CHANGES In line with NNPC Ltd.'s …

The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Malam Mele Kyari has defended the establishment of a retail arm for the company. Kyari, who spoke on Friday at the resumed investigative hearing of the ad hoc committee on the acquisition of OVH Energy by NNPCL, said the organisation did nothing wrong in the acquisition as …

Forty two companies and entities have been awarded 49 flare sites after their successful bid in the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP) auction process, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In a statement, NUPRC management said on Tuesday 38 of the companies/entities were awarded 40 flare sites for standalone single flare site development, while 4 others …