Business CBN appoints 11 Pre-shipment Agents for Oil, Gas exports Toyibat Ajose May 14, 2024 The Central Bank of Nigeria (CBN), has selected 11 pre-shipment monitoring, and evaluation agents for oil and gas exports in…
News Oil-producing states 13% derivative fund hits N85bn in February- NBS Alagbe Shenayon Mar 20, 2024 According to data obtained from the National Bureau of Statistics (NBS), funds allocated to nine oil-producing states as the 13…
Business Tinubu signs executive orders on oil, gas reforms Toyibat Ajose Mar 7, 2024 President Bola Tinubu has approved three new directives in the oil and gas sector to introduce fiscal incentives for related…
News Shettima links food insecurity to oil discovery, proposes solutions Alagbe Shenayon Dec 11, 2023 Vice President Kashim Shettima has attributed the country's food insecurity to the extensive dependence on oil since the 1970s,…
Business Norwegian oil firm, Equinor shuts operation in Nigeria, sells stake to… Oluwadamilare Emmanuel Nov 30, 2023 Norwegian state-owned multinational energy company Equinor inked a deal with Nigerian-owned Chappal Energies, allowing the latter…
Business Oil price records major rise for first time in 10 months Oluwadamilare Emmanuel Sep 5, 2023 Oil price, on Monday, rose to a record high, nearly hitting the $90 a barrel mark. Brent crude, the global oil benchmark, rose to…
Business Poor measurement responsible for 40% of crude oil losses – NUPRC Toyibat Ajose Feb 20, 2023 Inaccurate measurement in the Nigerian oil and gas industry is responsible for about 40 percent of crude oil losses attributed to…
Business Again, oil production falls 0.57 million barrels per day short of OPEC… Toyibat Ajose Jan 9, 2023 Nigeria's oil production in December 2022 increased by 4.2% month on month to 1.23 million barrels per day, falling far short of…
Nigeria losing 700,000 barrels of crude oil daily – FG Oluwadamilare Emmanuel Sep 24, 2022 The Federal Government has disclosed that the nefarious activities of pipeline vandals had caused Nigeria to lose approximately…
Business NIPSS, NNPC collaborate to position oil, gas industry for growth Toyibat Ajose Sep 17, 2022 The National Institute for Policy and Strategic Studies (NIPSS) is collaborating with the Nigerian National Petroleum Company…