News - oil

Oil Prices Hit $73.79 Per Barrel

3 days ago /

An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw down excess supplies.


Buhari's Commonwealth Speech On Youths Twisted By Mischief Makers - Presidency

4 days ago /
Nation 

The Presidency says President Muhammadu Buhari's remarks about Nigerian youths at the ongoing Commonwealth meeting in London was misinterpreted by those it calls mischief makers bent on portraying the President in bad light. 

Rivers Government To Sue FG Over Black Soot

4 days ago /
Health  Nation 

The Rivers state government says it will sue the Federal government and oil companies operating in the state, for the environmental and health hazards suffered as a result of the continued pollution caused by refineries and activities of the military.

Senate Boils As Senator Omo-Agege, Thugs Cart Away The Mace

5 days ago /
Nation 

It was confusion, absolute commotion inside the Senate on Wednesday as Senator Ovie Omo-Agege walked into the chambers with "unidentified men" to seize the mace, the symbol of authority.

Stakeholders Seek Partnership Between Oil Industry And Training Centres

6 days ago /

Stakeholders at a one day summit on building local content and capacity for the oil and gas industry, have called for an effective collaboration between the petroleum industry and relevant training centres if the policy on local content is to be sustained.

Nigerian Stock Exchange Closes On A Positive Note

6 days ago /
Business and Economy  

The Nigerian stock market closed Monday on a positive note, as all share index appreciated by +0.14% to close at 40,987.71 basis points as against +0.29% appreciation recorded previously.

Malabu Oil Deal: Court Absolves Adoke Of Criminal Liability

1 week ago /
Nation 

The plan by the Economic And Financial Crimes Commission, EFCC, to prosecute a Former Attorney General and Justice Minister, Mohammed Bello Adoke, over the Malabu Oil Deal may have collapsed.

House Of Representatives Receives Last Draft Of PIB

1 week ago /
Nation 

Nigeria’s House of Representatives has received the remaining drafts of the Petroleum Industry Bill which deals with administration, fiscal and host community regulations.

Buhari Blames Past Leadership Failure For Nigeria's Poor Living Standards

1 week ago /
Nation 

President Muhammadu Buhari says failure of leadership in the past has led to the inability of his administration to capitalize on resources to improve the lot of the people. 

APC Chieftain Admonishes Nigerians On Credible 2019 Polls

1 week ago /
Politics 

Nigerians at home and in the diaspora have been advised to show more concern in the conduct of credible elections in 2019, rather than the emphasis on who contests in the polls.

Oil And Gas Industry Players Call For Speedy Passage Of Petroleum Industry Bill

1 week ago /
Nation 

Some oil and gas analysts have called for the speedy passage of the remaining part of the petroleum industry bill even as they applaud efforts so far in the passage of the good governance bill of the document.

Buhari Leaves For Britain

2 weeks ago /

President Muhammadu Buhari leaves Abuja today, Monday, for an official visit to Britain where he is due to hold discussions with British Prime Minister, Theresa May, prior to the commonwealth heads of government meetings scheduled for 18th to 20th April, 2018. 

Nigerian Troops Repel Terrorists

2 weeks ago /
Nation 

Special forces of the Nigerian Air Force in conjunction with some Nigerian army troops, late Sunday night successfully foiled a suicide bombing attack by Boko Haram terrorists at the University Of Maiduguri, Borno State. 

PANDEF Rejects Return To On-Shore/Off-Shore Oil Dichotomy

2 weeks ago /
Niger Delta 

The new Chairman of the Pan-Niger Delta Forum, PANDEF, Idongesit Nkanga has decried the non-challant attitude of the federal government in addressing issues affecting the region. 

Buhari To Jet Out To London

2 weeks ago /
Nation 

Nigeria’s President, Muhammadu Buhari, will leave Abuja on Monday 9th April, 2018 for an official visit to Britain where he is due to hold discussions on Nigeria – British relations with Prime Minister, Mrs Theresa May, prior to the Commonwealth Heads of Government meetings scheduled for April 18 to 20, 2018.

Buhari Mourns Senator Bukar

2 weeks ago /
Nation 

President Muhammadu Buhari has joined the Emir of Daura, Alhaji Umar Farouq, and other community members to observe the third day prayers for Late Senator Mustapha Bukar, the senator representing Katsina North, his own Senatorial District.

Nigeria Woos Investors In Liquefied Petroleum Gas

2 weeks ago /
Nation 

Nigeria’s Minister of State for Petroleum, Emmanuel Ibe Kachikwu, wants investors looking to invest in Nigeria’s oil and gas industry to explore the potential in the country’s Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG).

APC Governors Say No Crisis In Party

2 weeks ago /
Politics 

Some Governors on the platform of the All progressives Congress APC have denied reports in some sections of the media that the progressives Governors forum is embroiled in crisis over the tenure elongation controversy rocking the Party. 

Buhari Administration Has Put In Place Largest Pro-Poor Programme - Osinbajo

3 weeks ago /
Nation 

Vice President, Yemi Osinbajo, says the Buhari administration has put in place the largest pro-poor programme in Nigeria's history.

Report Recommends Review Of Excess Crude Account

3 weeks ago /
Nation 

An assessment report on Nigeria’s Crude says data on oil sales will have to be more transparent if corruption in the country’s oil and gas sector is to be significantly nipped in the bud.


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