Petroleum Archives - News Desk Nigeria

Petrol Subsidy Return Will Collapse Over 15 Northern States Within Three Months, OAU Don Warns

NewsDeskNgSep 6, 2026September 6, 20260

OAU professor Tunji Ogunyemi warns subsidy restoration could slash federal allocations, leaving over 15 northern states unable to sustain operations. A professor at Obafemi Awolowo University (OAU), Tunji Ogunyemi, has warned that restoring petrol subsidy could leave about 15 states in northern Nigeria unable to sustain their operations within three...

Olawepo-Hashim: Petrol Can Fall To ₦200/Litre Without Reducing Government Revenue

NewsDeskNgAug 26, 2026August 27, 20260

Accord presidential candidate Gbenga Olawepo-Hashim says petrol can fall to ₦200 per litre without reducing government revenue or FAAC allocations. Presidential candidate of the Accord Party, Gbenga Olawepo-Hashim, says petrol should not sell above ₦605 per litre under an Accord administration, arguing that the price could eventually fall to as...

Timothy Okon: Strategic Petroleum Reserves Needed To Cushion Supply Shocks

NewsDeskNgMar 20, 2026March 20, 20260

Dr Timothy Okon advises Nigeria to implement petroleum product reserves to reduce vulnerability to global disruptions and stabilise domestic fuel supply. Managing Partner at Teno Energy, Dr Timothy Okon says Nigeria must urgently implement strategic petroleum product reserves to protect the country from global supply disruptions and stabilise fuel availability...

Executive Order 9: Direct Oil Revenue Remittance Guidelines Ready In Three Weeks

NewsDeskNgMar 3, 2026March 3, 20260

Implementation committee to issue transition framework for direct Federation Account remittances and review Petroleum Industry Act. In a bid to ensure the full implementation of Executive Order 9, recently signed by President Bola Tinubu, detailed guidelines for the transition to direct remittance of oil revenues into the Federation Account will...

NNPCL predicts a commercial petrol export date of 2024

NewsDeskNgNov 27, 2023November 27, 20230

By Augustine Aminu The Nigerian National Petroleum Company (NNPC) Limited says it will end the importation of refined petroleum products by December 2024. Mele Kyari, group chief executive officer of the NNPC, made this known when he led a delegation of the company’s senior management team to a meeting with...