Nigeria’s efforts to achieve a sustainable energy future will be possible if the country introduces the right polices and deploys fit-for-purpose technology, the Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Ronald Adams has said.Adams, who made the remark while opening a...

Nigeria’s crude oil production rose to a peak of 1.78 million barrels per day (mbpd) in July, the highest level recorded year-to-date (YTD). The July production was about a five per cent uptrend compared to the 1.7 mbpd average output recorded in June. Production...

Nigerian petroleum products marketers have announced a reduction of premium motor spirit prices, starting from today, Tuesday.This comes as the economy shuts down today owing to the public holiday declared by the federal government to honour ex-president Muhammadu Buhari.The national president of the Independent...

Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre.This comes as petroleum product marketers plan an emergency meeting to drop fuel prices from Tuesday.The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed...

The Nigerian National Petroleum Company Limited posted ₦6.008tn in revenue for May 2025, a slight rise from the ₦5.972tn recorded in April, amid improved crude oil and condensate production.According to the latest Monthly Report Summary released by the national oil company on Monday, profit...

Retail outlets owned by the Nigerian National Petroleum Company Limited have effected an upward adjustment in the pump price of the Premium Motor Spirit, also known as petrol, to N945 per litre in the Federal Capital Territory on Monday.It also adjusted its petrol pump...