Crude oil prices on Monday fell, as concern over the global economy put crude on track…
Category: News
Is it surprising that Nigeria imports soup from China?
It is not because we import everything importable,including tooth picks. When I first heard the news,…
N650bn subsidy debt affecting downstream operations – Oil marketers
The Depot and Petroleum Products Marketers Association (DAPPMA) says the over N650 billion unpaid subsidy arrears…
Zambia considers rebasing economy size in 2019
Zambia on Sunday said it would set aside funds targeted at rebasing the size of its…
Equinor discovers more crude in Arctic region
Equinor has found more crude oil near its Johan Castberg field in the Arctic Barents Sea,…
Hyundai E&C axes $521m Iranian petrochemicals deal
Hyundai Engineering & Construction on Monday said that it cancelled a ₩595 billion ($521 million) deal…
Two modular refineries ready year-end- Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says two modular refineries would be…
Plane carrying 188 people plunges into Java Sea
An Indonesian Lion Air plane carrying 188 passengers and crew crashed into the Java Sea on…
Nigeria earned $1.1tr from oil in 28 years
Nigeria made over $1.1 trillion from oil in 28 years, Vice President Yemi Osinbajo, said at…
Bunkering: Navy denies involvement in alleged bribery scandal
The Nigerian Navy has denied the latest allegations that some of its personnel collected huge sums…
Truck driver pleads guilty to N43,000 theft
A 44-year-old truck driver, Chukwudi Ojide, was on Friday arraigned before an Apapa Magistrates’ Court for…