AdminOct 18, 20171 min readOil price rises towards $59 amid tighter U.S. market, Middle East tensionsOil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt...
AdminSep 18, 20171 min readOil rises to approximately $56 on rising refinery demand, falling U.S. rig countOil 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...
AdminAug 14, 20174 min readWhy Buhari, Nigeria must move away from oil quickly – Ben BruceLawmaker representing Bayelsa East, Senator Ben Bruce has called on President Muhammadu Buhari to restructure Nigeria and move the...
AdminAug 13, 20171 min readOil will dry, prepare for the future – FG tells Niger Delta youthsThe federal government yesterday advised beneficiaries of the amnesty programme in the Niger Delta region to prepare for life after oil....
AdminAug 8, 20172 min readNigeria requires N3.05tr to increase oil productionThe Minister of State for Petroleum Resources, Ibe Kachikwu in the current Organisation of the Petroleum Exporting Countries (OPEC)...
AdminJul 24, 20171 min readNigeria won’t exceed oil output target – BarkindoOPEC Secretary-General Mohammad Barkindo said on Monday that Nigeria has no intention of going beyond its oil production target of 1.8...
AdminJul 19, 20173 min readFG 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...
AdminJul 14, 20172 min readNo more bazaar in Abuja – APC lawmaker‎, Osaigbovo IyohaThe lawmaker representing Oredo East constituency in the Edo State House of Assembly, Hon Osaigbovo Iyoha, has stated that Nigeria has...
AdminJun 18, 20172 min readWhat over-dependence on oil caused Nigeria – NICreLThe New Initiative for Credible Leadership, a leading research and development based Civil Society Organization in Nigeria, has stated...
AdminJun 15, 20172 min readNigerian government explains why it won’t deregulate petroleum industryThe Federal Government on Thursday explained why it would not deregulate the downstream sector of the petroleum industry. It said any...
AdminJun 15, 20171 min readOil not the most important thing in Nigeria – Lai MohammedThe Minister of Information, Culture and Tourism, Alhaji Lai Mohammed on Wednesday revealed that oil is not the most important thing in...
AdminMay 15, 20172 min readNNPC to resume oil exploration in Borno as peace returns to StateThe Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Alhaji Maikanti Baru, has said the corporation has...
AdminMay 10, 20172 min readNigeria will start refining oil before 2019 – KachikwuThe Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has announced that oil companies in the country will start refining...
AdminMar 21, 20171 min readNigerian government blacklists 25 oil marketers over fraudPetroleum Equalization Fund (Management) Board says it has blacklisted 25 oil marketers for defrauding the Nigerian Government. The fund,...
AdminDec 10, 20162 min readDays of oil are numbered in Nigeria – EkweremaduDeputy President of the Senate, Ike Ekweremadu, has advised the nation to look beyond oil to secure economic prosperity for the country....
AdminSep 14, 20161 min readOver dependence on oil the reason Nigeria is in recession – Lai MohammedSpeaking in Kwara State on Tuesday, the Minister said the prevailing economic situation was not about trading blames, stressing that...
AdminSep 9, 20162 min readNigeria’s economic woes not caused by falling oil prices only – NEITI boss, Waziri AdioAdio, who spoke on Thursday while delivering a keynote address at the 2016 Academics Stand Against Poverty, ASAP, conference in Lagos,...
AdminSep 4, 20164 min readFormer NNPC GMDs warn of possible crippling of oil industryThe erstwhile NNPC bosses disclosed this yesterday after a brainstorming session with corporation’s current GMD, Dr. Maikanti Baru,...
AdminAug 24, 20161 min readPast administrations’ over-dependence on oil, bane of Nigeria’s economic development – ELawal, a Macroeconomic analyst, said this in a paper presentation at the ongoing 15th Meeting of the Joint Planning Board and National...
AdminAug 12, 20162 min readBuhari will call for Nigeria to break up if he finds oil in the North – Fani KayodeFani-Kayode Former Minister of Aviation, Chief Femi Fani-Kayode, popularly called FFK, says he is glad President Muhammadu Buhari is...
