Nigeria can produce three million barrels of crude per day – Kachikwu

  T he Minister of State, Petroleum Resources , Ibe Kachikwu, said that Nigeria is capable…

Reps seek revocation of oil bloc licenses

    The House of Representatives would seek revocation of oil bloc licenses issued without due…

Oil spillage: CLO writes IGP, DSS over alleged diversion of N33.5m compensation

The Civil Liberties Organisation (CLO) has sent a protest letter to the Inspector General of Police,…

FG, states shared N426 billion in December-NBS

The sum of N426.88 billion was disbursed to the three tiers of government in December 2016,…

ExxonMobil fourth quarter earnings dive on low oil prices

ExxonMobil reported a big drop in fourth-quarter earnings Tuesday, as low oil and natural prices continued…

26 ships laden with petroleum products, food items, to arrive Lagos ports

Twenty six ships laden with petroleum products, food items and other goods are expected to arrive…

Navy arrest nine suspected oil thieves, vandals in Delta

No fewer than nine suspected oil thieves and operators of illegal crude oil refining camps have…

Airlines make N330.59bn from tickets sales in 10 months

The Nigerian Civil Aviation Authority (NCAA) has disclosed that airlines operating in Nigeria realised about N330.59…

CBN’s Forex policy worrisome – Private sector

The Organised Private Sector has said that the unorthodox foreign exchange allocations system of the Central…

FG asks Goldman, Stanbic to help sell debut “diaspora bond”

The Federal Government of Nigeria has asked Goldman Sachs and the local unit of South Africa’s…

China Exim bank approves N408bn for Lagos-Ibadan rail project

About a week after the Federal Government announced the release of N72bn as its counterpart fund…

Customs intercept 661 pump-action rifles in Lagos

The Federal Operations Unit of the Nigeria Customs Service (NCS) on Monday said it intercepted a…