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
International transparency group, Global Witness on Monday stated that Nigeria, Angola, Republic of Congo and the Democratic Republic of Congo…
NNPC denies involvement in $25m failed oil block deal
The management of the Nigerian National Petroleum Corporation (NNPC) has dissociated itself from the $25 million failed oil block bid…
N33.8bn Gas Debt: Ghana to pay in February 2016
The Federal Government of Nigeria has reached an agreement with its Ghanaian counterpart on the modalities for settlement of the…
Navy destroys illegal refinery, 1,500 drums of diesel
The Central Naval Command in Bayelsa State has destroyed 1,500 drums of diesel and one illegal oil refining camp in…