India was the largest importer of Nigeria’s crude oil in 2017, a report by the state oil firm, NNPC has shown. The report, which identified Nigeria’s crude destinations all through 2017, showed that India imported over 131 million barrels of Nigeria’s crude. The second largest importer of Nigeria’s crude for the year was the United States at over 94 million … Read More

THE Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has called for removal of Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) otherwise called cooking gas. Speaking in Lagos recently, Mr Nosa Ogieva-Okunbor, the president of the association, stated that the price of 12.5 kg cylinder of cooking gas has risen from N 3, 600 in April … Read More

•As Experts urge Buhari to sign PIGB to retain $15b investment Nigeria’s crude oil production including condensate reached 2.069 million barrels per day (mbpd) in April 2018, according to data from the Federal Ministry of Petroleum Resources. Though there is a slight increase from the 2.022mbpd the country recorded in March, this means Nigeria is still struggling to step up … Read More

Emmanuel Addeh in Yenagoa The Governor of Bayelsa State, Mr Seriake Dickson, said wednesday that the state alone retains 30 per cent of Nigeria’s gas reserves, arguing that Bayelsa could become the Houston of Africa if the federal government gave the needed support. A statement by the governor’s Chief Press Secretary, Francis Agbo, noted that Dickson spoke during a session … Read More