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Nigeria records 2.38% GDP growth in Q4 2018 - NBS

Nigeria’s economic growth slows in Q1 as oil sector shrinks

Growth in Nigeria’s fragile economy slowed to 2.01% in the first quarter as the country’s dominant oil sector shrank, the National Bureau of Statistics said on...

Buhari: I remain committed to oil sector reform

Buhari: I remain committed to oil sector reform

President Muhammadu Buhari has expressed his commitment to reform the oil and gas sector, pointing out that effectively reforming the petroleum industry must be...

South Sudan's oil sector gets $1bn boost from South Africa

South Sudan’s oil sector gets $1bn boost from South Africa

South Africa will invest $1 billion in South Sudan’s oil sector, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday....

militants

Niger Delta Avengers say they will attack oil sector within days

Militant group Niger Delta Avengers said on Wednesday it planned to launch attacks on the country’s oil sector in the next few days. The group claimed responsibility...

militants

Niger Delta Avengers bounce back, vow to cripple oil sector

By Godspower Edoza  The Niger Delta Avengers (NDA) has announced a suspension of its ceasefire with the Nigerian government. In a statement on Friday, the group’s...

Kachikwu

FG to hands-off role in oil sector

By Patience Danjuma  The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said there are plans by government to reduce its role in the oil sector....

Kachikwu Rick Perry

Kachikwu: FG to hands-off role in oil sector

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said there are plans  by government to reduce its role in the oil sector. Kachikwu...

French Ambassador to Nigeria, Denys Gauer

France to invest over €1bn in Nigeria’s oil sector 

The French Government has said that it has set aside about one billion euros to be invested in the Nigeria oil and gas industry, stating that Nigeria remains her first...

House-of-rep

PIB passage will reform oil sector – Rep

A member of House of Representatives, Sergius Ogun, says passage of the Petroleum Industry Bill (PIB) will be the greatest thing to happen to Nigeria’s oil industry....

oil-workers_1

PIB passage will reform oil sector – Rep

A member of House of Representatives, Rep. Sergius Ogun, says passage of the Petroleum Industry Bill (PIB) will be the greatest thing to happen to Nigeria’s oil...

oil-worker

Economist wants FG to fix oil sector to curtail high demand for FOREX

An Economist,  Titus Okuroumu, has appealed to the Federal Government to urgently fix the challenges in the oil and gas sector to curtail high demand for Foreign...

Minister of State for Petroleum, Dr Ibe Kachikwu

Oil sector locked down by few interest groups – Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that the country’s oil and gas sector was held down by a few interest groups for so long. The...