Oil & Gas
Economy General Oil & Gas

Gomba’s “Grit” wins “Nigeria Prize for Literature”

By Abdulfatah Babatunde The Advisory Board for The Nigeria Prize for Literature, sponsored by Nigeria LNG Limited, (NLNG) has announced “Grit”, authored by the playwright, Obari Gomba, as the winner of the $100,000 prize for the 2023 cycle on Drama. Prof. Akachi Adimora-Ezeigbo, Chairperson of the Advisory Board, made the announcement at the Grand Award […]

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Economy General Oil & Gas

NLNG seeks urgent action to secure gains from gas

By Our Correspondent The Managing Director of Nigeria LNG Limited (NLNG), Dr Philip Mshelbila, says Nigeria should leverage the opportunities from energy transition by increasing its investment in gas to harvest huge gains. Mshelbila gave the advise, on Monday, when the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, visited the NLNG plant on […]

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General Oil & Gas Security

Nigeria Army intercepts stolen crude, arrests 22 suspects

From Our Correspondent The Nigeria Army says its troops in the Niger Delta area foiled crude oil theft estimated to cost about N388.5 million and arrested 22 suspected oil thieves in the process. Maj. Gen. Buba Edward, the Director of Defence Media Operations, announced this at a media briefing, on Thursday, in Abuja. Edward spoke […]

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General National Oil & Gas

Petrol: NLC berates FG, rejects new pump price

By Our Correspondent The Nigerian Labour Congress (NLC) has berated the Federal Government over the astronomic hike in the pump price of petrol and the “unrealistic palliative” it earlier announced. Reacting to Tuesday’s price hike, President of the Nigeria Labour Congress (NLC), Joe Ajaero rejected and described it as “anti-people”. Speaking on Channels Television Politics […]

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Economy Oil & Gas

Petrol price hike: NNPCL blames market forces

By Abdulfatah Babatunde Nigerian motorists woke, on Tuesday, into the agony of another hike in the pump price of petrol from N488 to N617 per litre. TheNewsZenith reports that many fuel stations in Lagos now sell at between N598 and N614 per litre against the old price template of N488 per litre. At Mobil, Oando […]

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Foreign News Oil & Gas

Oil rises as market weighs supply cuts against gloomy economy

Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]

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Economy Oil & Gas

NNPC adjusts pump price of petrol

NNPC Limited has announced an adjustment to pump prices of petrol (PMS) across its retail outlets, in line with current market realities. Garba Deen Muhammad, Chief Corporate Communications Officer of the NNPCL issued the announcement in a statement on Wednesday in Abuja. According to the statement, pump prices at NNPC’s retail outlets will now begin to […]

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Economy Oil & Gas

Subsidy removal: Fuel queues resurface in cities

Fuel queues returned to Nigerian cities on Monday as many motorists scrambled to get petroleum products, hours after President Bola Ahmed Tinubu announced his government would stop fuel subsidy regime. During his inauguration, Tinubu declared that there would no longer be a petroleum subsidy regime as it was not sustainable. The President said the current […]

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Economy Oil & Gas

Petrol: NNPC advises against panic buying

The Nigerian National Petroleum Company Limited says it has about 2.1 billion litres of petrol in stock. It, therefore, advised Nigerians against panic buying as it has an adequate supply for now. The company gave the assurance in a statement by its Chief Corporate Communications Officer, Garba-Deen Muhammad. It stated that the 2.1 billion litres […]

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Economy Health Oil & Gas

NLNG begins 2nd phase hospital support programme

The Nigeria LNG (NLNG) has signed a Memoranda of Understanding (MOU) with three Nigerian teaching hospitals to flag off the second phase of its multi-billion-naira hospital support programme (NLNG-HSP). The NLNG-HSP is NLNG’s national Corporate Social Responsibility initiative, according to Andy Odeh, General Manager, External Relations and Sustainable Development. CSR initiative, Odeh said in a […]

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