vvcwatch

Follow us:

Facebook X-twitter Youtube Linkedin Instagram Whatsapp

vvcwatch

Facebook X-twitter Youtube Linkedin Instagram Whatsapp

Oil and Gas

Subsidy: Nigeria Escaped ₦21trn Annual Burden, Says Lokpobiri

adminSeptember 23, 2026
The Federal Government’s decision to end petrol subsidy has potentially saved Nigeria from an annual financial burden of about ₦21 trillion at the current exchange rate, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said. Lokpobiri, who defended the policy amid renewed pressure over rising petrol prices, said retaining the subsidy would have...
Read more

N16.2trn Bank Credit To Oil Sector Raises A’Ibom Accountability Concerns

adminSeptember 22, 2026
Concerns over the N16.2 trillion credit extended by Nigerian banks to the oil and gas sector in the first quarter of 2026 dominated discussions on Tuesday as stakeholders demanded greater accountability from financial institutions financing extractive activities in Akwa Ibom. The sector accounted for 24.1 per cent of total bank lending during the period, making...
Read more

Nigeria’s Refinery Map Shifts As Dangote Leads, State Plants Await Full Return

adminSeptember 21, 2026
Nigeria’s refining landscape is being reshaped as private and modular plants operate alongside government-owned facilities undergoing rehabilitation, testing or efforts to secure new investment. Legit.ng reported that at the centre of the sector is the Dangote Petroleum Refinery in Lagos, with a nameplate capacity of 650,000 barrels per day, making it the country’s largest refining...
Read more

N1,500 Pump Price Triggers Moves To Revive Warri, Port Harcourt Refineries

adminSeptember 21, 2026
Petrol prices reaching as high as N1,500 per litre in some parts of Nigeria have renewed pressure on the Federal Government and the Nigerian National Petroleum Company Limited (NNPC Ltd) to bring the Warri and Port Harcourt refineries back into operation. The pressure has coincided with fresh technical assessments of the two government-owned facilities as...
Read more

Fuel Price Surge: NMDPRA Says Marketers, Not Regulator, Set Pump Rates

adminSeptember 21, 2026
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has distanced itself from the latest surge in petrol prices, saying the law does not empower it to dictate what filling stations charge motorists. The clarification comes as petrol prices climb to between N1,400 and N1,450 per litre in major cities, placing renewed pressure on consumers...
Read more
MMI Alleges Lopsided Oil, Gas Jobs; Ekpo’s Team Defends Record Of Inclusive Representation

MMI Alleges Lopsided Oil, Gas Jobs; Ekpo’s Team Defends Record Of Inclusive Representation

adminSeptember 10, 2026
The controversy over the distribution of employment opportunities in Akwa Ibom’s oil and gas sector has taken a new turn, with the team of Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, rejecting allegations by Mboho Mkparawa Ibibio (MMI) that opportunities under his watch have been distributed unfairly. The minister’s spokesman, Louis Ibah, said...
Read more

Agriculture

Akwa Ibom Today

REFLECTIONS!

Analysis

TAGS

TRENDING

Real News. Real Impact

VVCWATCH is your trusted source for credible news, in-depth analysis, and stories that matter.
We bring you the latest updates from Nigeria, Africa and around the world.

Facebook X-twitter Youtube Linkedin Instagram Whatsapp

Quick Link

Our Site

VVC Times

Your daily core news

Love Dairy

Stories that connects heart

Team project Akwaibom

Uniting for better Akwaibom

Connect With Us

128 Aka Etinan Road,Sunshine Plaza Uyo, Akwa Ibom State

+234 708 681 7573

info@vvcwatch.com

www.vvcwatch.com

Social Handles

VVCWATCH
© 2026 VVCWATCH. All Rights Reserved. 
ISSN 0795-0144
Privacy Policy
Terms of Use
Editorial Policy
Advertise With Us