Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. Nigeria pumped an average of 1.53 million barrels a...
A new Group Managing Director has been appointed for the Nigeria National Petroleum Corporation NNPC. He is Dr Maikanti Kacalla Baru. By this appointment the President...
Nigeria in May exported 1.89 million barrel per day contrary to fears that crude export has dropped to as low as 1.3 million barrel per day....
The arraignment of a former Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, has been fixed for July 4. Yakubu and Jide...
The Central Bank of Nigeria, CBN, has warned that vandalism of oil facilities may worsen the country’s ranking on the global ease of doing business The...
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mr Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp financial practices in the...
Nigeria’s crude oil export dipped further by 130,000 barrels per day, as operators yesterday said the Trans Niger Pipeline, TNP, operated by Shell Nigeria, has been...
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...