The Nigerian Navy says it has impounded five vessels and two metallic barges illegally transporting 1,690…
Category: News
FAAN can’t take over MMA2 – Babalakin
The chairman of Bi-Courtney Services, operators of the Murtala Muhammed Airport Two (MMA2) in Lagos, Wale…
NNPC says Ubah has paid N2bn for diverted products
Chief Operating Officer of the Petroleum Pricing and Marketing Company (PPMC), Henry Obi, says Capital Oil…
Aviation Round Table says only 44 domestic aircraft fully insured
The President, Aviation Round Table (ART), Gbenga Olowo, on Thursday decried the state of the sector…
Tide turns for sulphur-rich oil in a sea of light crude
The world is awash with oil, but in pockets of the market lower-quality, sulphur-rich crude is…
Adeosun: VAIDS is not related to the bill on amnesty for looters
Minister of finance, Kemi Adeosun, says the voluntary assets and income declaration scheme (VAIDS) has nothing…
OPEC compliance with oil cuts at lowest – IEA
The International Energy Agency (IEA) says OPEC’s compliance with production cuts fell in June to its…
Local content: NCDMB, BoI mull funding increase to $200m
The Nigerian Content Development and Monitoring Board (NCDMB) may increase its loanable funds to qualified…
Volatile oil market will impact Nigeria’s budget- Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the 2017 budget implementation will…
Militants attack army formation in Delta, kill one, cart away gunboat
Suspected militants in the early hours of Thursday attacked an army formation at Ogbogbagbene community in…
MMIA to be certified July 21 – FAAN
The Federal Airports Authority of Nigeria ( FAAN) on Thursday said the Murtala Muhammed International Airport,…
Nigeria’s oil output hits new high — OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s oil production is at a…