Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Company Limited (NNPCL) has said it recoups all of its expenses from the products it brings into the nation, denying fuel subsidy.
The Nigerian government has announced the addition of more crude oil reserves of about 1.087 billion barrels and gas reserves of 2.574 trillion cubic feet.
Some filling stations have started reducing petrol prices as the naira strengthens against the US dollar, offering hope to Nigerians battling with inflation.
The Nigerian government has said that crude oil producers in the country must prioritize local refineries before exporting the product to other countries.
The federal government, through the Nigeria Upstream Petroleum Regulatory Commission, has enforced new regulations requiring oil producers to sell their crude oil.
Libya overtook Nigeria as Africa's biggest oil-producing country for the month of March, with Nigeria coming second with 1.23mbpd of crude oil daily.
NIPCO Gas announced the completion of four new gas stations in Lagos to begin the sale of compressed natural gas to motorists in the state at a reduced cost.
Over 30 crude oil cargoes belonging to Nigeria are reportedly waiting for buyers in the international market as they go for crude oil from a rival African country
The Bola Tinubu administration has not abandoned the flotation of the naira and is not defending it like previous administrations, Reno Omokri has said.
Nigerian National Petroleum Corporation (NNPC)
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