The Nigerian National Petroleum Company Limited has requested that petroleum marketers who applied to purchase fuel through its online portal top up their payments in line with current prices, or risk forfeiting their allocations. Spokesman, Andy Odeh, explained that marketers who cannot meet the new ex-depot rates may instead apply for refunds. He noted that…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained that unscheduled maintenance at a refinery facility made Nigeria’s crude oil production drop on a month-on-month basis in August. This comes as Nigeria’s crude oil production dropped to 1.63 million barrels per day month-on-month in August, down from 1.71 million bopd in July. NUPRC disclosed this…
Several filling stations in the federal capital territory, Abuja, have remained shut for more than four days over the delayed rollout of Dangote Refinery’s free fuel distribution scheme. Reports have it that partners in the 650,000-barrel-per-day refinery fuel distribution initiative, including MRS and Conoil filling stations, are experiencing dry tanks, causing supply disruption for Nigerians…
Edo State Governor, Monday Okpebholo, has approved the payment of the first tranche to staff of the Colleges of Education in Ekiadolor and Igueben. A statement by the governor’s Chief Press Secretary, Fred Itua, said the sum of ₦4.6 billion has been earmarked for the settlement of entitlement benefits of the affected staff. Itua said…
The Nigerian Liquefied Natural Gas (NLNG) Train 7 Project estimated at $10 billion dollars has been shut down by protesting workers. The aggrieved workers are demanding issuance of their tax receipts and tax identification number (TIN) codes. The workers also alleged the illegal deductions from their monthly pay to the tune of N150,000 under the…
About 1,264 mining licences are to be deleted from the Electronic Mining Cadastral System portal of the Nigerian Mining Cadastral Office due to failure by the companies to comply with payment of their annual service fees. The minister of Solid Minerals Development, Dele Alake, disclosed this in a statement issued by his special assistant on…
…Cites Vandalism And Weather as main cause The Transmission Company of Nigeria (TCN) has expressed concerns over its collapsed power transmission tower No. 7 along the Kaduna town line I and II in Rigasa community on Thursday, September 18, 2025, due to severe downpour, windstorm and vandalism. It disclosed that the tower collapse caused a…
Edo State Internal Revenue Service, EIRS, has sealed the premises of Market Square (Sunday Foods) in Benin City over alleged tax default amounting to more than N27 million. In a statement issued yesterday, the Head of Corporate Communications at EIRS, Courage Eboigbe, said the enforcement action followed the company’s failure to settle outstanding liabilities uncovered…
Close partnership and collaboration among African oil and gas producing countries are some of the strategies that will enable sustainable development in the continent This was the concensus reached by discussants at the Africa Content Forum, a segment of the 2025 Africa Oil Week holding in Accra, Ghana. The Executive Secretary, Nigerian Content Development and…
Recently, the Federal Government announced that Nigerians would start paying five percent tax on every 10 litres of fuel purchased. Although the take-off date of the policy is uncertain, it did not go down well with Nigerians. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who made the announcement in Abuja…
