Amid circulating reports about persisting petrol subsidies, the Nigerian National Petroleum Company Limited (NNPC) firmly quashed these speculations. Specifically, Mele Kyari, NNPC’s Group Chief Executive Officer, clarified there is no…
Nigeria
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Nigeria, Africa’s largest oil exporter, is facing a severe fuel shortage as the national oil company struggles to meet the demand of its 200 million citizens. The country relies heavily…
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The Nigerian National Petroleum Company Limited (NNPC) has come under fire from industry operators for awarding contracts to rehabilitate the country’s pipelines to four companies, two of which are downstream…
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The Dangote Refinery, Africa’s largest oil refining facility, has installed 18 ultrasonic flare gas meters from Fluenta, a Norwegian company, to reduce its environmental impact and comply with Nigerian regulations.…
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Nigeria, a country with abundant oil and gas resources, is facing a chronic power crisis that affects millions of its citizens. The national grid is unreliable and insufficient, forcing many…
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The African Export-Import Bank (Afreximbank) is taking a pivotal step towards executing the $3 billion emergency loan extended to Nigeria’s NNPC Limited. The bank recently began discussions with major oil…
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For the first time since 2022, the Qua Iboe, a renowned Nigerian crude variant, has witnessed its price soar past $100 per barrel. This noteworthy surge stems from a continuing…
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Nigeria, Africa’s largest oil producer, has seen a sharp decline in its petrol imports in the second quarter of 2023, following the removal of the controversial fuel subsidy that had…