Oil price rises towards $59 amid tighter U.S. market, Middle East tensions
Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt...
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Oil rises to approximately $56 on rising refinery demand, falling U.S. rig count
Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. rigs drilling for new...
Why Buhari, Nigeria must move away from oil quickly – Ben Bruce
Lawmaker representing Bayelsa East, Senator Ben Bruce has called on President Muhammadu Buhari to restructure Nigeria and move the...
Oil will dry, prepare for the future – FG tells Niger Delta youths
The federal government yesterday advised beneficiaries of the amnesty programme in the Niger Delta region to prepare for life after oil....
Nigeria requires N3.05tr to increase oil production
The Minister of State for Petroleum Resources, Ibe Kachikwu in the current Organisation of the Petroleum Exporting Countries (OPEC)...
Nigeria won’t exceed oil output target – Barkindo
OPEC Secretary-General Mohammad Barkindo said on Monday that Nigeria has no intention of going beyond its oil production target of 1.8...
FG awards oil block license to Ondo for bitumen exploration [PHOTOS]
Nigerian Government on Tuesday announced the award of an oil block license to Ondo State Government for bitumen exploration. Minister of...
No more bazaar in Abuja – APC lawmaker, Osaigbovo Iyoha
The lawmaker representing Oredo East constituency in the Edo State House of Assembly, Hon Osaigbovo Iyoha, has stated that Nigeria has...
What over-dependence on oil caused Nigeria – NICreL
The New Initiative for Credible Leadership, a leading research and development based Civil Society Organization in Nigeria, has stated...
Nigerian government explains why it won’t deregulate petroleum industry
The Federal Government on Thursday explained why it would not deregulate the downstream sector of the petroleum industry. It said any...
Oil not the most important thing in Nigeria – Lai Mohammed
The Minister of Information, Culture and Tourism, Alhaji Lai Mohammed on Wednesday revealed that oil is not the most important thing in...
NNPC to resume oil exploration in Borno as peace returns to State
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Alhaji Maikanti Baru, has said the corporation has...
Nigeria will start refining oil before 2019 – Kachikwu
The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has announced that oil companies in the country will start refining...
Nigerian government blacklists 25 oil marketers over fraud
Petroleum Equalization Fund (Management) Board says it has blacklisted 25 oil marketers for defrauding the Nigerian Government. The fund,...
Days of oil are numbered in Nigeria – Ekweremadu
Deputy President of the Senate, Ike Ekweremadu, has advised the nation to look beyond oil to secure economic prosperity for the country....
Over dependence on oil the reason Nigeria is in recession – Lai Mohammed
Speaking in Kwara State on Tuesday, the Minister said the prevailing economic situation was not about trading blames, stressing that...
Nigeria’s economic woes not caused by falling oil prices only – NEITI boss, Waziri Adio
Adio, who spoke on Thursday while delivering a keynote address at the 2016 Academics Stand Against Poverty, ASAP, conference in Lagos,...
Former NNPC GMDs warn of possible crippling of oil industry
The erstwhile NNPC bosses disclosed this yesterday after a brainstorming session with corporation’s current GMD, Dr. Maikanti Baru,...
Past administrations’ over-dependence on oil, bane of Nigeria’s economic development – E
Lawal, a Macroeconomic analyst, said this in a paper presentation at the ongoing 15th Meeting of the Joint Planning Board and National...
Buhari will call for Nigeria to break up if he finds oil in the North – Fani Kayode
Fani-Kayode Former Minister of Aviation, Chief Femi Fani-Kayode, popularly called FFK, says he is glad President Muhammadu Buhari is...
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