Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) remitted $6.3 billion in 2018 to Nigerian government. The money which represented...
Nigerian indigenous energy company, Oando Plc, Thursday announced the sale of its midstream business subsidiary, Axxela Limited, to Helios Investment partners for $41.5 million. This, the...
The National Bureau of Statistics (NBS) on Thursday said the volume of premium motor spirit (PMS), popularly known as petrol, importation has been reversed with a...
Oil prices steadied after Brent pushed towards a nearly five-month high of $70 a barrel on OPEC-led supply cuts and U.S. sanctions, with gains capped by...
Oil prices were little changed on Wednesday even after U.S. government data showed a surprise increase in crude inventories, as OPEC-led output cuts and U.S. sanctions...
By Richards Adeniyi A company based in the Niger Delta, Macobarb International Ltd has accused the Nigeria Liquefied Natural Gas Limited (NLNG) of violating the country’s...
Factions within the Independent Petroleum Marketers Association (IPMAN) have continued to bicker over present pump price of fuel in the country. Recall that a statement by...
Oil price hit a 2019 high, above 69 dollars a barrel on Tuesday, on the prospect that more sanctions against Iran and further Venezuelan disruptions...
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as...
There is prospect Nigerians keen on knowing the truth about specific names of contractors that allegedly collected money for electricity projects but failed to execute any...