The Nigerian National Petroleum Corporation (NNPC) has justified its June remittance of N147 billion to the Federation Accounts and Allocation Committee (FAAC). The Group General Manager,...
The Nigerian National Petroleum Corporation (NNPC) says the federation accounts and allocation committee (FAAC) meeting with governors ended in a deadlock because they wanted extra N40...
By Richards Adeniyi Justice Mojisola Olatoregun of the Federal High Court in Lagos has ordered Shell Nigeria Exploration and Production Company Limited to pay a fine...
Oil prices jumped on Tuesday, June 26, driven by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and...
By the year 2019, Nigeria is not only aiming to end fuel importation but to becoming a net exporter of the product, the Group Managing Director...
US Crude imports from Nigeria drops By 62% Oil prices grew more than 1 percent at the weekend as the Organization of Petroleum Exporting Countries, OPEC,...
Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members....
By Odunewu Segun Some major Nigerian oil companies, including Oando and AA Rano have secured oil swap contracts with the Nigerian National Petroleum Corporation (NNPC) put...
By Odunewu Segun The oil markets were pushed lower by an escalating trade disputes between the United States and other major economies, including China, the...
Some experts in the oil and gas industry said there was no cause for alarm over the increase in the crude oil benchmark from 45 dollars...