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…

NAMA backs FG on vehicle importation ban

The Nigeria Automotive Manufacturers Association (NAMA) has expressed  support for the Federal Government’s ban on importation…

Multinational oil, gas coys take advantage of Nigeria’s weaker laws to cheat – Dr Hassan

A university don, Dr Aminu Hassan, has identify external influences of Multinational oil corporation and their…

Petroleum marketers: FG owes us N660bn subsidy arrears

The Depot and Petroleum Products Marketers Association (DAPPMA) on Wednesday appealed to the Federal Government to…

Nigeria’s external reserves hit $27.2bn-CBN

Nigeria’s foreign exchange (forex) reserves have increased to $27.223 billion as at January 16, 2017, according…

Rivers acquires 10 gunboats for Nigerian Navy

Rivers State Governor, Nyesom Wike has announced that the 10 new state-of-the-art security gunboats acquired by…

EFCC seizes N948m aircraft linked with ex-governor

The Economic and Financial Crimes Commission (EFCC) has impounded a N948million aircraft allegedly linked with a…

Niger Delta militants blow up pipeline a day after VP visit

Unidentified militants in the Niger Delta have blown up a crude oil trunk line in Ughelli,…

Importers to receive vehicles at bonded terminals – Customs

The Nigeria Customs Service (NCS) has said it will create bonded vehicle parks and terminals nationwide…