The Central Bank of Nigeria (CBN) has urged the Federal Government to monitor the utilisation of crude being managed by the Nigerian National Petroleum Corporation (NNPC)...
The Governor of the Central Bank of Nigeria (CBN), Mr. Sanusi Lamido Sanusi said yesterday described the kerosene subsidy claim by NNPC as a scam saying...
The Governor of the Central Bank of Nigeria (CBN), Mr. Sanusi Lamido Sanusi said yesterday described the kerosene subsidy claim by NNPC as a scam saying...
shellThe Shell Petroleum Development Company (SPDC) has continued to discharge more crude to the environment at Ikarama community in Bayelsa, impacted by an earlier spill. SPDC...
The contract awarded to Samsung Heavy Industry and Lagos Deep Offshore Logistics by Total for the development of a fabrication and integration yards for Egina and...
The $3.8 billion Egina Oil platform project has become a matter of litigation as the Lagos Deep Offshore Logistics (LADOL) has instituted legal action against Samsung...
THE Federal Government through two of agencies Nigerian Maritime Administration and Safety Agency (NIMASA) and the National Oil Spill Response and Emergency Agency (NOSREA) have slammed...
The Federal Government has concluded plans to raise the domestic price of natural gas to $1.5 per 1,000 standard cubic feet as it aims to ensure...
Soprise Impact Organisation, a UK/US-based oil and gas consultancy firm, said over 1.1 million cubic metres of gas lost to flaring can provide electricity to 20...
Brent oil rose weekend to above $107 a barrel as outlook reports indicated global oil demand will rise more quickly this year due to economic growth...
Dangote Group, controlled by Africa’s richest man Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in...
The Director-General, Bureau of Public Enterprise (BPE), Mr Benjamin Dikki, on Tuesday said the bureau provided N50 billion to the new owners of the country’s power...
An uncomfortable prospect for global exporters of liquefied natural gas (LNG) will unfold in India this week as buyers from countries that import 70 per cent...
A large oil spill near Nigeria’s Brass facility, run by ENI, has spread through the sea and swamps of the oil producing Niger Delta region, local...
Switzerland is ready to assist Nigeria in the ongoing investigations into the alleged more than 6.8 billion dollars (N1.1 trillion) fraudulent oil deals involving the NNPC...