energy security
Marketers demand urgent N25bn payout from NNPC
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has renewed calls on the Nigerian National Petroleum Company Limited (NNPC Ltd.) to settle long-standing petroleum equalisation funds and outstanding loading tickets owed to its members. IPMAN’s Publicity Secretary, Chinedu Ukadike, in a media briefing on Thursday, stressed that despite the remarkable revenue growth recorded by the […]
Crude oil theft in Nigeria: NNPCL boss exposes global links
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Bayo Ojulari, has revealed that crude oil theft in Nigeria and across Africa is being orchestrated by highly organised international criminal syndicates, not just local actors. Ojulari made this disclosure on Monday, August 25, during his keynote address at the […]
Politics killing Nigeria’s refineries – PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria’s state-owned refineries may never function optimally unless the Federal Government ends decades of political interference and adopts a new ownership and management model. Speaking at the 4th PENGASSAN Energy and Labour Summit 2025 in Abuja, the association’s President, Festus Osifo, […]
FG Hails Progress in Naira-for-Crude Deal
The Federal Government has hailed the recent milestones recorded under the revived naira-for-crude oil initiative, a bold economic strategy aimed at strengthening the Nigerian naira, enhancing local refining capacity, and boosting energy security. This naira-for-crude oil policy commendation came at a strategic follow-up session of the Technical Sub-Committee on Crude and Refined Product Sales in […]