Oil theft: Navy hands over six vessels, 15 suspects to NSCDC
Six vessels and 15 oil theft suspects were accosted and handed over to the Nigerian Security and Civil Defence Corps…
Oil Price Slump: NNPC adopts survival strategies
The Nigeria National Petroleum Corporation (NNPC) says the country needs to fashion out new strategies to mitigate the impacts of…
278 firms jostle for NNPC crude grades
About 278 oil firms participated in the bid for the sale and purchase of crude oil grades opened by the…
Prices of Nigeria’s crude oil grades dip
Crude prices edged down in early Asian trading on Monday as a weak demand outlook means oversupply will likely remain…
Gas Master plan: Buhari commissions $150m steel mill
President Muhammadu Buhari on Thursday commissioned a new ultra-modern steel mill worth $150 million as part of ongoing efforts to…
Privatisation of downstream sub-sector will spur competition – Kachikwu
Privatisation of the nation’s downstream petroleum sub-sector will spur competition and develop the industry, says the Group Managing Director of…
Oil prices rise to 48 dollars
Oil prices rose to 48 dollars per barrel in the international market on Thursday following surge of the United States’…
Nigeria earns N5trn from oil sales
Nigeria earned $25.105 billion (about N5.021 trillion) from the sale of crude oil between January and July 2015, data obtained…
Niger Delta pirates strike again; kidnap four seamen
Armed pirates attacked and boarded a refrigerated cargo ship underway off the Niger Delta and kidnapped four crewmembers on Monday,…
Nigeria, 3 others lose $4bn to shady oil deals
[tweet][digg][stumble][Google][pinterest][follow id=”TheEconome9ja” size=”large” count=”true” ] International transparency group, Global Witness on Monday stated that Nigeria, Angola, Republic of Congo and…