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Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
World oil-producing giant, Saudi Arabia, has recorded an oil revenue…
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NNPC records N30.8bn loss in April
The national oil company, the Nigerian National Petroleum Corporation incurred…
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Price fixing not consistent with deregulation — LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has condemned…
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Nigeria’s petrol-dollar receipts stand at $206bn in five years – OPEC
The Organisation of Petroleum Oil Exporting Countries (OPEC), said Nigeria's…
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New fuel price band signals Nigeria’s gradual exit from subsidy regime
After decades of an opaque, flawed and corruption-laden petrol subsidy…
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Oil prices drop on prospect of returning Libyan supplies
Oil prices fell on Tuesday amid rising COVID-19 cases and…
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FG explains why marketers can’t exclusively determine petrol prices
The federal government has shed more light on what it…
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Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn
The average daily consumption of petrol has hit 67.66 million…
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AMCON takes over oil firm over N29b debt
The Asset Management Corporation of Nigeria (AMCON) on Monday  took…
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NNPC gets EITI’s endorsement over monthly financial accounts
Nigerian National Petroleum Corporation (NNPC), the state-owned oil behemoth, has…
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