The federal government has to adhere to the deal recently reached by OPEC led by Saudi Arabia and Russia to cut oil output in other to...
Contrary to the reports in some national dailies that electricity Distribution Companies (DisCos) in Nigeria would soon offer free power supply to consumers, the DisCos have...
Following the Organisations of Petroleum Export Countries virtual meeting today, Saudi Arabia and Russia have struck a deal on a deep output cut. According to Reuters,...
The Federal Government has explained why it finally bowed to age-long agitation for the removal of fuel subsidy, as well as why it fully deregulated the...
Brent crude was up by 3.40%, as it stands at $34.30 at 11.23am Nigerian time on Thursday, having climbed up as much as 5% the day...
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the decision to continue with the shutdown of the Warri, Kaduna and...
The Federal Government of Nigeria has finally bowed to long-standing pressure to restructure the downstream segment of the Nigerian oil industry through the removal of fuel...
Oil prices dropped on Monday by 3.2% after the Saudis and the Russians postponed a meeting to discuss potential oil production cuts. As of 9.15 am...
By Richard Adeniyi The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has assured Nigerians of uninterrupted fuel supplies nationwide as the nation battled to...
Oil prices slumped on Monday morning in Asia as the Coronavirus pandemic continued to hurt demand while the price war between Saudi Arabia and Russia remained...