Oil firms to fund development of host communities in new PIB plan
Oil companies are to put aside 2.5 per cent of their annual expenditure for the development of their host communities,…
Oil firms’ debts to Nigerian banks near N5tn amid oil price collapse
The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this…
Ondo Decides: Akeredolu in early lead, Jegede, Agboola dominate strongholds
Some early results of the Ondo State governorship poll show that the incumbent governor, Rotimi Akeredolu, is in early lead…
‘Barcelona treatment made me cry’
Luis Suarez says he cried over the way he was treated by Barcelona before leaving for Atletico Madrid. The Uruguay…
Nigeria lose 1-0 to Algeria
The Super Eagles on Friday night were defeated by African champions Algeria. The encounter was the first match for the…
Djokovic beats Tsitsipas to make final
Top seed Novak Djokovic withstood a gutsy fight-back from Greek fifth seed Stefanos Tsitsipas to set up a French Open…
#OndoDecides: Akeredolu, Jegede, Ajayi win polling units
The three major candidates in today’s governorship election in Ondo State won their individual polling units, sources monitoring the elections…
Oil demand to decline after plateauing in late 2030s – OPEC
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum…
New Petroleum Industry Bill to tackle oil pollution in N’Delta
The 2020 Petroleum Industry Bill (PIB) that is presently before members of the National Assembly will substantially reduce environmental pollution…
Nigeria slashes oil output, price estimates for 2021 as Buhari warns of revenue hit
Nigeria’s President Muhammadu Buhari announced Oct. 8 in his 2021 budget proposal to parliament a lower output target and expected…