Nigeria’s Excess Crude Account (ECA) has risen to some $9 billion in oil savings, Finance Minister Ngozi Okonjo-Iweala disclosed this while addressing the annual Nigerian Economic...
Trading on the Nigerian Stock Exchange (NSE) closed on positive note on Tuesday with the market capitalisation appreciating by N29 billion to close at N8.399 trillion....
President Goodluck Jonathan has assured Nigerians that there would not be cover-up for any misdeed revealed in the reports of audit exercises by the Nigeria Extractive...
Vice President Namadi Sambo on Friday assured that most power plants projects of the National Integrated Power Project (NIPP) would be ready for inauguration in 2013....
The United States will overtake Saudi Arabia and Russia as the world’s top oil producer by 2017, the West’s energy agency said on Monday, predicting Washington...
China’s Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion. Asia’s largest refiner has signed...
Oil trader Vitol has won a tender to supply Indian Oil Corporation with at least three million barrels of West African crude oil, trade sources said....
BY OMOH GABRIEL THE International Monetary Fund, IMF, yesterday, cautioned Nigeria against expansionary fiscal policies, given the uncertainty that still pervades the global economic scene just...
Royal Dutch Shell expects to lift a force majeure on two grades of Nigerian crude oil by the end of November, a top official said on...
Nigeria is concerned that oil and gas prices could fall as more countries uncover reserves and sees the need to make plans to adapt to this...
Nigeria has lost at least a fifth of its oil output in recent weeks due to severe flooding and oil theft, government oil officials said on...
Nigeria lost out on tens of billions of dollars in oil and gas revenues over the last decade from cut price deals struck between multinational oil...
France’s Total has declared force majeure on gas supplies to Nigeria LNG’s liquefication plant, the company said. It said it had stopped oil and gas production...
Royal Dutch Shell cannot yet say when a force majeure on two grades of Nigerian crude oil will be lifted, after production stoppages caused by theft...
Nigeria will hold its first oil exploration bidding round for five years by the end of this year, while licence renewal talks with Shell and Chevron...