Nigeria headed for Fourth Quarter recession this year-FG
The Federal Government on Friday declared that Nigeria is heading towards another…
Oil Prices Advance On Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump
Oil prices rose on Friday, extending gains on optimism about a recovery…
Defence HQ- Military Is Intensifying Efforts To Curb Economic Sabotage In South-South
The Defence Headquarters says the military is intensifying efforts toward curbing crude…
How OPEC restored Stability to Global Oil Market – Barkindo
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad…
Oil Prices Fall On Doubts Over Output Cuts, Surging U.S. Diesel Inventories
Oil prices dropped on Thursday, reversing gains in the previous session, on…
We Followed Federal Character Principle in Appointment of Northerners – NNPC
The Nigerian National Petroleum Corporation (NNPC) has defended its decision to…
EFCC Probes Oil Smugglers in Rivers
The Economic and Financial Crimes Commission (EFCC) has launched an investigation…
Forex Repatriation: Emefiele Assures Investors In Spite Dwindling Oil Prices
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors…
Nigeria Needs to Increase Local Refining Capacity, Says IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says Nigeria needs to…
Nigeria Records Crude Oil, Gas Sale of $434m in January. – NNPC
The Nigerian National Petroleum Corporation( NNPC) says the country recorded crude…
Oil Glut: Global Crude Oil Prices Plunge Below $2 Per Barrel
A full oil glut has fit the international Crude Oil market as…
Oil Glut: 60 Nigerian Crude Oil Cargo Remain Unsold
In what seems like a repeat of the 1970's, an oil Glut…
Buhari’s Government is Facing Serious Challenges – Osinbajo
Vice President Yemi Osinbajo has admitted that the Federal Government is facing…
Filling Stations in Jos Yet to Adjust to New Pump Price
Most filling stations in Jos and environs are yet to adjust to…
U.S. to buy initial 30m barrels of oil for emergency stockpile
The U.S. Department of Energy said on Thursday it would buy up…
Pipeline Vandalism: Abia NSCDC Impounds 2 Trucks Allegedly Laden with Crude
The Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) in…
1bn barrel of Crude oil Discovered in Northeast – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Slyva, said that…
Libya Closes Refinery as Oil Blockade Leads to $1bn in Losses
Libya’s National Oil Corporation (NOC) on Monday said a refinery in western…
Oil Revenue worth $42bn Stolen From Nigeria Within 10 years
The Nigeria Extractive Industries Initiative ( NEITI) has said that a total…
Crude Oil: NNPC discovers Hydrocarbon Deposits in the North East
President Muhammodu Buhari flagged off the drilling of Kolmani River II Well was…
Nigeria loses 22 million barrels of crude oil in six months – Obaseki
Edo Governor, Godwin Obaseki said the nation lost about 22 million barrels…
Police apprehend 6 suspected crude oil thieves in Delta
The Inspector-General (IGP)’s Special Task Force on Pipeline Vandalism attached to Pipeline…
Nigeria earns N85 trillion from exporting crude oil in five years – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria earned…
2nd term: Encourage local refining of crude oil, create millions of jobs – IPMAN president urges Buhari
The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has urged the Federal…
Oil set for worst week in 6 months as crude stockpiles surge
Oil prices dropped on Thursday, extending falls from the previous session amid…
Our refinery will produce 65.4 million litres of petrol, kerosine, others daily – Dangote
Dangote Industries Limited has revealed that its crude oil refinery is expected…
FG collaborates with EFCC to track crude oil exported from Nigeria
The Minister of State for Petroleum Resources, Ibe Kachikwu, has revealed that…
Oil prices slip as U.S. crude output nears 12 million bpd
Oil prices fell on Thursday as U.S. crude production neared an unprecedented…
Nigeria Loses Buyers for Its Crude Oil on the International Market – DPR
Nigeria’s Department of Petroleum Resources (DPR) has revealed that there may be…
NNPC pays N128bn into federation account in August
The Nigerians National Petroleum Corporation (NNPC) says it has transferred the sum…