Nigeria’s current revenue sharing formula ‘illegal’-Senate

The Senate has called for a review of Nigeria’s revenue sharing formula to give states and…

Shell shuts down key supply pipeline in Nigeria

Anglo-Dutch energy giant Shell said Tuesday it has shut down a key crude supply pipeline in…

Nigeria, others need $94 trn for infrastructure by 2040

Nigeria and the world need to spend 94 trillion dollars in global infrastructure by 2040 to…

West Africa Crude: Trade slow while tender results awaited, Angolan steady

Angolan differentials were underpinned on Tuesday by strong refining margins while Nigerian trade was thin as…

Nigeria, rest of the world needs $94trn for infrastructure by 2040

Nigeria and the world need to spend 94 trillion dollars in global infrastructure by 2040 to…

Oil extends gains as Saudi pledges export curbs

Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month…

Okorocha: Buhari back to Nigeria in two weeks

  Imo State Governor, Rochas Okorocha, says he expects President Muhammdu Buhari to return to the…

Nigeria’s economy to grow faster than South Africa’s in 2018, says IMF 

The International Monetary Fund (IMF) projects that Nigeria’s economy will grow at a faster pace than…

Nigeria agrees to cut oil output

Global oil producers, meeting in Russia Monday, called for stricter adherence to their agreement to cut…

Nigeria to host international petroleum summit in 2018-Osibanjo

Nigeria will from February 2018 begin to host a yearly international petroleum summit in Abuja, Acting…

Nigeria to host international petroleum summit in 2018-Osibanjo

Nigeria will from February 2018 begin to host a yearly international petroleum summit in Abuja, Acting…

Barkindo says Nigeria has no plan to exceed oil output target

OPEC Secretary-General Mohammad Barkindo said on Monday Nigeria has no intention of going beyond its oil…