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...
The Peoples Democratic Party (PDP), has called for further reduction in the pump price, describing the N125 per litre as ordinary cosmetics measures. In a statement...
Nigeria, which relies on oil shipments for about two-thirds of government revenue, has increased its production output, and is also offering its main export crudes at...
The Nigerian National Petroleum Corporation (NNPC) has cautioned against panic buying of fuel, declaring that it has enough petroleum products to serve Nigerians for over sixty...
Federal Government has cuts its revenue targets for the 2020 budget by 50 per cent, as well as the review downwards of the $57 per barrel...