Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global political turmoil fanned concerns over tight supply. The benchmark...
The task force set up in Rivers State said it has dismantled 27 illegal refineries operating in the state. The task force in an operation led...
Brent crude oil price hits the $90 a barrel mark for the first time in seven years, supported by tight supply and rising political tensions in...
State Governors under the aegis of the Nigeria Governors Forum, NGF have kicked against the proposed fuel subsidy removal, saying that it must not be carried...
Senators have given Nigeria Liquified Natural Gas a seven day deadline to appear before it to show cause why it has not paid compensation to communities...
Oil prices rose over 2% on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats to infrastructure in the United Arab Emirates and...
Minister of Finance Hajia Zainab Ahmed has retracted government earlier decision to remove fuel subsidy in July 2022. She told the National Assembly that federal government...
Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to interest rates by the...
President of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised project to happen to Africa. He...
Chief Executive Officer (CEO), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Mr Gbenga Komolafe, has assured stakeholders of the Commission’s resolve to ensure transparency in all its...
Vice President Yemi Osinbajo has said that “The world should not have to choose between energy poverty and climate change as this can be addressed with...
State Governors under the aegis of Nigeria Governors’ Forum, NGF have resolved to engage the Nigeria Labour Congress, NLC and the organised labour on the proposed...
Brent crude oil prices rose to its highest since October 2014 after it hit $88.4 on Tuesday as drone attacks on targets in the United Arab...
African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of...
Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the...