Oil prices jump on planned production cuts

Oil prices jumped on Friday as evidence increased that producers in the Middle East were informing…

PHOTOS: 4 suspected oil thieves arrested by Navy in Rivers

The Economic and Financial Crimes Commission (EFCC) on Thursday quizzed four suspected oil thieves – John…

Imported foods push inflation rate to 11-year high

The Consumer Price Index (CPI), which measures inflation rate or hike in prices in the Nigerian…

3 docked for attacking members of maritime workers union

Three men namely, Maurice Fangnon, 59, Precious James, 19, and Rafiu Ogunmola, 19 were arraigned at…

ExxonMobil Lagos headquarters shut

The Lagos headquarters of U.S. oil major, ExxonMobil has been shut, following a standoff with blue-collar…

Kachukwu inaugurates $50m modular refinery in Akwa-Ibom

A $50 million modular refinery Ikwe-Onna Refinery with a 5000 barrels per day capacity has been…

11.2 million Nigerians are now unemployed, says NBS

The National Bureau of Statistics (NBS) says 11.2 million Nigerians are now unemployed. According to the…

Military arrests two militants over attacks on oil facilities 

The Joint Military Force deployed to the Niger-Delta, Operation Delta Safe, says it has arrested two…

Fuel subsidy removal: Nigeria saves N15.4bn monthly

Vice-President Yemi Osinbajo says the fuel subsidy removal has removed a burden of not less than…

N65bn amnesty budget will not stop Niger Delta crisis – IYC

The Ijaw Youth Council Worldwide has said the N65bn budget for the Niger Delta Presidential Amnesty…

NNPC, oil companies agree to end JVC

The Nigerian National Petroleum Company (NNPC) on Friday signed an agreement to exit the Joint Venture…

FG to enforce ban on importation of two-stroke engines

The National Environmental Standards and Regulations Enforcement Agency (NESREA) says the Federal Government will enforce ban…