NEITI condemns N1.1trillion tax waivers to oil firms

By granting Pioneer Status, the Federal Government has waived $2.1 billion (N1.1 trillion) to 22 oil…

Nigeria’s oil output tops foreign investors’ concern

Foreign investors planning to invest in Nigeria and other global markets this year are taking a…

Oil rises above $55 as supply cuts nears

Oil edged further above $55 a barrel yesterday, drawing support from expectations of tighter supply once…

Oil rises above $55 as supply cuts nears

Oil edged further above $55 a barrel yesterday, drawing support from expectations of tighter supply once…

Oil optimism back as Norway predicts bottom is behind us

The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in…

Kachikwu: Nigeria gets $2b extra from oil

The agreement that Nigeria signed with joint venture partners on Thursday will increase the nation’s revenue…

Kachikwu: Nigeria gets $2b extra from oil

The agreement that Nigeria signed with joint venture partners on Thursday will increase the nation’s revenue…

NNPC, oil companies agree to end JVC

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

Recession: Reps want local vendors in oil, gas sector paid

The House of Representatives on Wednesday called for the payment of local vendors in the oil…

Oil traders prepare flotilla to ship U.S. exports to Asia

Oil traders and major producers are lining up a flotilla of carriers to ship more U.S.…

Oil hits $55.33 per barrel OPEC agreement

Crude Oil rose above 55 dollars a barrel as rising prospects of a tightening market after…

Oil majors neglect host communities – Obaseki

Governor Godwin Obaseki of Edo State has decried the poor attitude of multinational oil companies operating…