OPEC detects ‘high compliance’ with oil cut deal

The Organisation of the Petroleum Exporting Countries (OPEC), said Tuesday oil producers have kept their promise…

Alleged N6.8 billion fraud: Bank official testifies against Nigerian ex-aviation chief, others

  An official of Stanbic IBTC Bank, Ade Babatunde, on Monday told a Federal High Court,…

Nigeria to export processed cashew nuts by 2019 – Ogbeh

The Minister of Agriculture and Rural Development,  Audu Ogbeh, on Tuesday said that Nigeria would start…

Bonny NLNG’s gross revenue hits $90b-Baru

  Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Dr. Maikanti Baru yesterday said the…

Nigerian inflation drops for first time in 15 months

Nigerian inflation slowed for the first time in 15 months to 17.78 percent in February, driven…

Ships laden with petroleum products, food items, to arrive Lagos ports

    Twenty four ships laden with petroleum products, food items and other goods are expected…

LPG market to grow by 12,000 tonnes in Q2

The Liquefied Petroleum Gas (LPG), market is expected to hit an additional storage capacity of about…

OPLs 321, 323: Supreme court declares revocation illegal

Korea National Oil Corporation (KNOC), has every cause to be happy as the Supreme Court has…

I can’t appear before you, I have a meeting, Customs boss tells Senate

The Comptroller -General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), who has been summoned to…

West Africa Crude: Differentials under pressure as excess builds

Demand sagged as many buyers pressed for lower differentials to dated Brent in an oversupplied market. More…

Engine failure, human error caused Nigeria jet crash-AIB

Mechanical failure and pilot error caused a 2012 air crash in Nigeria that killed 159 people,…

Court adjourns Shell, ENI dispute until March 17

A Nigerian court case in which Royal Dutch Shell and Italy’s Eni are seeking to have…