Turmoil in Nigeria, shale bankruptcies in the United States and Venezuela have contributed to tightening crude oil supplies. Oil prices rose as a result yesterday. However,...
A gas pipeline in Nigeria’s restive Niger Delta region operated by the state energy company was attacked late on Thursday, a spokesman for a local community...
Nigeria’s Qua Iboe crude oil terminal, operated by ExxonMobil, is closed and workers have been evacuated, traders said on Thursday. A market source said that the...
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said Nigeria’s crude oil production had declined from 2.2 million barrels per day to 1.4...
Nigeria has scrapped the controversial subsidy on petrol. Minister of State for Petroleum Resources and GMD of the NNPC, Dr. Ibe Kachikwu has announced in a...
Multinational Oil companies in Nigeria have agreed to provide about $200 million to help fund fuel imports amid a foreign-currency shortage, Petroleum Minister of State Emmanuel...
Forte Oil Plc said it plans to raise as much as N100 billion in equity or debt this year as it aims to double profit and...
Condemnation and out right rejection, yesterday, trailed the National Assembly’s proposal to remove host communities’ fund and local content from the Petroleum Industry Bill, PIB. Vanguard...
Petroleum Products Pricing Regulatory Agency PPPRA has disclosed that it would undertake the review of Premium Motor Spirit (PMS) also known as petrol, in the month...
The Nigeria National Petroleum Corporation (NNPC) has opened bids for the co-location of refineries. This is contained in a statement signed by Mr Garba Deen Muhammad,...
The Revenue Mobilization Allocation and Fiscal Commission, yesterday, disagreed with the Auditor-General of the Federation , Mr. Samuel Orkura over the the alleged N4.9 trillion which...
Oil prices rose on Wednesday following announcement that producers will meet next month in Qatar to discuss a proposal to freeze output as U.S. crude production...
Nigeria National Petroleum Corporation NNPC, on Wednesday said a report credited to the Auditor-General which alleged that it had failed to remit N3.2 trillion in revenues...
The Federal Government said it has put machinery in motion to increase Nigeria’s crude oil production by 30 per cent to 2.8 million barrels (mb) of...
The Nigerian Electricity Regulatory Commission (NERC) has said that power supply through the national grid which peaked to 5000mw in past two weeks had dropped below...