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… As Abia commission seeks upward review The nine Nigerian oil-producing states received a total of N670.55 billion as their 13 per cent oil derivation funds from the Federation Account in the first five months of 2025, marking a significant ...

The Dangote Petroleum Refinery has announced the commencement of nationwide distribution of Premium Motor Spirit (PMS) and diesel starting August 15, 2025. In a statement released on Sunday, the refinery revealed that the scheme targeted marketers, petrol station operators, manufacturers, telecom firms, ...

Key petroleum products marketers in Nigeria have reportedly struck a deal with notable global gasoline suppliers to bring in products that are far more cheaper than what is presently available at retail outlets. LEADERSHIP reports that the deal will lead ...

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Festus Osifo, has revealed that the union has successfully negotiated wage increase of up to 300 per cent for some oil and gas workers. Osifo said ...

… The World Bank recently disclosed that out of the N1.1 trillion revenue from crude sales and other income in 2024, the NNPC only remitted N600 billion, leaving a deficit of N500 billion unaccounted for,” SERAP stated. No date has ...

A group of retirees from the Nigerian National Petroleum Company (NNPC) has raised serious concerns over the mismanagement of funds in the NNPC Staff Multipurpose Cooperative Society Limited, Lagos. The retirees fear that their savings may have been lost following ...

Nigeria Liquefied Natural Gas Limited (NLNG) has aims to increase youth participation in its recently expanded specialised skills-based programme under the Train 7 Project. Mr Dagogo Buowari, manager of Nigerian Content Development at NLNG, made the remark in a statement ...

French oil major TotalEnergies has announced diversification of key stake in a prolific oil producing asset to Shell. The company said on Thursday it agreed to sell its 12.5 per cent stake in the Bonga oilfield offshore Nigeria to Shell ...

The federal government  has announced the appointment of Adeniran Aderogba, as the first president and chief executive officer of the long-awaited Regional Maritime Development Bank (RMDB). The minister of Marine and Blue Economy, Adegboyega Oyetola, who made this known, said ...

Dangote Petroleum Refinery & Petrochemicals has announced a further reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS). This significant adjustment means that Nigerians can now purchase PMS at competitive prices: N875 per litre in Lagos; ...