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...
The Federal Government has chided the Rivers State Governor, Nyesom Wike for arresting two Caverton Helicopters’ pilots and the passengers for flying into the State during...
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 has slashed the 2020 budget estimate from N10.594 trillion to N10.276 trillion (N318bn), and also reduced the oil bench mark from $57 per...
Two pilots were arrested on Tuesday on the directive of Governor Nyesom Wike of Rivers State, for undermining the Executive Order of the state government restricting...
Nigeria, developing economies at high risk The current wave corona virus ravaging the world has been declared as the first phase of the devastating infection. The...
The Central Bank of Nigeria (CBN) has revealed some of the new tricks being used by cyber-criminal to defraud unsuspecting Nigerians, taking advantage of the coronavirus...
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...