Reports that Nigeria’s state oil company, the NNPC recorded a 5.34 billion naira as ‘under-recovery’ cost for fuel in June made headlines over the return of petroleum subsidies. The NNPC has clarified its position and saying the fund was the differentials of the verified stock of the Petroleum Product Pricing Regulatory Agency. To put […]

Most of the major fuel marketers in the country have released their financial results for the first quarter of 2020 which showed losses and significant declines in profits.

Marketers Oil Association of Nigeria (MOMAN). In this interview, he speaks on crude oil price crash, what OPEC should do and what the Nigerian government should do to attract investors to the oil sector this trying time to improve its contributions to the nation’s GDP and by implication, the country’s sustainable development.