With Nigeria focused on efforts to achieve its three million barrels per day production target, recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline. The Nigerian ...
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Biztellers | Nigeria's fastest-growing online business news medium

NNPC Ltd Credits Reforms With $24bn Investments Boost for Three Million bpd Oil Target

With Nigeria focused on efforts to achieve its three million barrels per day production target, recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline.

The Nigerian National Petroleum Company Limited made the...

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Renaissance Boss Backs Domestic Refining, Against Crude Exports

It has come to the fore that the continued export of crude oil while refined petroleum products are imported contradicts Nigeria’s local content goals and limits value creation within the country.

This view was shared on Thursday at an online lecture organised by the Nigerian Content Academy of...

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Channel Oil Windfall to Domestic Refineries – TUC to Tinubu

The Trade Union Congress of Nigeria (TUC) has urged the Federal Government to deploy excess crude oil revenue to subsidise local refineries, warning that failure to act could push the price of Premium Motor Spirit (PMS) to as high as N2,000 per litre.

TUC President, Festus Osifo, made the call...

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Benin Gets New CNG Station Courtesy of Tetracore Energy

As part of efforts to boost gas-powered mobility and downstream gas distribution in Nigeria, Tetracore Energy Group has unveiled a new auto compressed natural gas station in Uwusan, Benin, Edo State.

This was detailed in a statement in which the company claimed that the facility has an installed...

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Dangote Refinery Affirms PMS Price Stability, Says ‘No Increase’

The Dangote Petroleum Refinery and Petrochemicals (DPRP) has stated that the price of Premium Motor Spirit (PMS) remains unchanged, amid concerns over potential volatility in the downstream market.

A source at the company confirmed that its pricing structure remains intact, with the gantry price at...

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