Oil rises as Nigerian pipeline leak overshadows supply worries

Oil prices rose about 1 percent on Friday, bouncing a bit from steep falls earlier in…

West Africa Crude: Force majeure on Nigeria’s Bonny Light cuts into excess

Shell declared force majeure on Bonny Light exports following a pipeline leak, taking some pressure off…

Capital funding: Forte Oil to raise N20bn for diversification drive

The management of Forte Oil Plc on Friday said it was perfecting arrangements to raise the…

Governor Abubakar, rice farmers urge FG to halt resumption of rice importation

Governor Mohammed Abdullahi Abubakar has urged the federal government to disregard calls for the resumption of…

Executive order: FAAN removes check tables at Lagos Airport

The Federal Airports Authority of Nigeria (FAAN) on Friday confirmed that physical check tables have been…

Kaduna refinery pledges to patronize Nigerian engineers

The Kaduna Refining and Petrochemicals Company (KRPC), said on Friday it would patronise Nigerian engineers to…

Nigeria’s presidency to sign 2017 budget into law next week

Nigeria’s presidency is expected to sign the 2017 budget into law next week, the speaker of…

Libya’s Sharara oil field reopens after strike-National Oil Corp

Libya’s major Sharara oil field has reopened after a workers’ protest and should return to normal…

Auctioneers warn Customs over July 1 e-auction takeoff date

The Nigeria Association of Auctioneers has warned the Nigeria Customs Service (NCS) not to embark on…

Oil comeback for cut-exempt producers threatens to swamp OPEC

OPEC’s battle against an oil glut is under threat as unsold crude from members Nigeria and…

Senate scraps FERMA, establishes Federal Road Authority

The senate on Thursday passed a bill scrapping the Federal Road Maintenance Agency (FERMA) and replaced…

Nigeria set to export certified yams to UK and US

Nigeria is set to export its first consignment of certified yams to the United Kingdom and…