African Export-Import Bank said it has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement...
Oil prices fell on Wednesday after the International Energy Agency and the Organisation of the Petroleum Exporting Countries warned of impending oversupply and as COVID-19 cases...
Ijaw Professionals Association, Homeland Chapter, has said that the crude oil spill on an AITEO well head in the Nembe Creek, Bayelsa State is as massive...
The Organisation of the Petroleum Exporting Countries (OPEC) says the delicate balance between reducing emissions, energy affordability and security requires comprehensive and sustainable policies. The OPEC...
NNPC Limited, Major Oil Marketers Association of Nigeria, MOMAN and other stakeholders, yesterday, adopted new measures to prevent petrol scarcity and maintain stability in the downstream...
Brent crude oil price maintain a steady rise as it sold for $84.04 a barrel. Continue crude oil price increase is a double sward for Nigerians....
Crude prices settled higher on Friday fuelled by renewed supply concerns after OPEC+ producers rebuffed a U.S. call to accelerate output increases even as demand nears...
Executive Secretary, Nigeria Extractive Industry Transparency Initiative ( NEITI) said that its work and report had led to the recovery of over $3 billion from oil...
OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December,...
Oil fell further below $85 a barrel on Tuesday, but remained close to a three-year high in choppy trade ahead of weekly U.S. supply reports expected...
A continental and international rally may have begun in support of Nigeria’s advocacy to halt plans to defund gas projects, just as the global community moves...
Minister of Finance, Budget and National Planning Zainab Ahmed has said that the Federal Government plans to finally remove fuel subsidy by the second half of...
Oil futures rose Monday, hitting another round of multiyear highs as investors focused on tight supply, while crude producer Saudi Arabia appeared reluctant to further loosen...
Ahead of the commencement of the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland next week, the GMD/CEO of NNPC Ltd, Mallam...
Minister of State for Petroleum Resources Chief Timipre Sylva has inaugurated the governing boards of the new entities comprising the regulatory framework for the oil and...