President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to increase the tempo on crude oil exploration activities in the northern part of the country. Buhari Group Managing Director of the NNPC, Mr. Maikanti Baru, who disclosed this, yesterday, when governor of Bauchi State, Mr. Mohammed Abubakar, paid him a courtesy visit in […]

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With Nigeria finding it increasingly difficult to meet its obligations towards financing oil and gas industry operations due to drop in global crude oil prices, the federal government says it is considering raising funds from international investors and the private sector for the Joint Venture, JV, cash calls in 2016. Cash call is the financial […]

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The Nigerian National Petroleum Corporation (NNPC) has said that its strategy to fund capital intensive projects in the upstream sector of the oil and gas industry has begun yielding fruits with the signing of a Memorandum of Understanding (MoU) with some Chinese companies worth $50 billion for infrastructure development. The corporation said in a statement […]

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The Petroleum Products Pricing Regulatory Agency, PPPRA, on Thursday reviewed its pricing template for petrol. The review followed Wednesday’s announcement by the federal government of the formal take-off of full deregulation of the downstream sector of the petroleum industry, which pushed petrol price from N86.50 to N145 per litre. The acting Executive Secretary of the […]

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