Oil prices rose more than one dollar a barrel on Tuesday after OPEC said it…
Category: News
Fashola seeks extra 3,000MW with Niger Delta peace
The Minister of Power, Works and Housing, Babatunde Fashola SAN has advocated peace, especially in the…
ExxonMobil fires additional 89 workers in Nigeria
U.S. oil major ExxonMobil has laid off additional 89 workers in a gale of retrenchments that…
FRSC records noticeable decrease in crashes on Lagos-Ibadan expressway
Barley three weeks into the enforcement of the speed limit device, the Federal Road Safety Corps…
Nigeria to seek World Bank loan of at least $1 bln – finance minister
The federal government wants to borrow at least $1 billion from the World Bank and…
Govt, contractors differ over fund availability for N40bn Bayelsa Airport
The Bayelsa government and contractors handling the Bayelsa Cargo Airport project have held divergent views on…
Fed Govt, China in talks over N900b loan
The Federal Government and the Peoples Republic of China have commenced talks on a N900 billion…
CBN to sell $500 million after cutting Forex rate for consumers
The Central Bank of Nigeria (CBN) will sell $500 million to help improve dollar liquidity, traders…
Non-oil revenue improving, no need for IMF loan –Adeosun
Nigeria sees no need to apply for an International Monetary Fund programme as it is pursuing…
NNPC records $2.45bn crude oil export sale in one year
The Nigerian National Petroleum Corporation (NNPC) has said that $2.4 billion export sale was recorded in…
Indigenous companies lack capacity for oil, gas production – PwC
Indigenous oil companies in Nigeria may still have a long way to go in the exploration…
Illegal refiners, oil thieves responsible for black soot emissions in Rivers – NSCDC
The Nigerian Security and Civil Defence Corps (NSCDC) has blamed illegal refiners and oil thieves for…