“Importation of petroleum products became unavoidable because there was no regular maintenance of the four government-owned…
Category: News
Hanjin Shipping soars a day after exchange calls its stock ‘trash’
One day after a Korean stock exchange official called the shares of Hanjin Shipping Co. “trash,”…
30 ships laden with petroleum products, food items to arrive Lagos
Thirty ships laden with petroleum products, food items and other goods are expected to arrive Apapa…
Buhari reappoints Erediauwa as NDIC director, seeks Senate approval
President Muhammadu Buhari has written to the Senate, seeking the confirmation of his reappointment of Aghatise…
Subsidy Fraud: Court picks January 26 for hearing on oil magnates’ applications
Justice Lateefat Okunnu of the Lagos High Court, Ikeja, on Wednesday fixed January 26 for hearing…
Senate raises oil benchmark above executive’s, settles for $44.5 per barrel
The senate has agreed on $44.5 per barrel as benchmark price for the 2017 budget, as…
Senate approves MTEF, raises oil benchmark to $44.5
The Senate on Wednesday finally approved the revised version of the 2017-2019 Medium Term Expenditure Framework…
Nigerian warship, troops head for Gambia to sack Jammeh
Nigeria soldiers will are expected to arrive at a base of the Economic Community of West…
NUPENG urges lasting solution to delay in loading petroleum products at Apapa depot
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday, urged the Federal Government…
OPEC output falls in December after cut deal
OPEC oil production fell in December but remains well above levels envisaged under a recent deal…
Crude oil theft: Shell goes to trial in March
A Federal High Court in Lagos will on March 20 begin trial in a suit filed…
CBN sells forex to BDCs
The Central Bank of Nigeria (CBN) started auctioning $250m to 3147 registered Bureau De Change nationwide…