Oil price jumps to $58.53 on OPEC cut

Oil prices, yesterday, rose by about three per cent rebounding further from 1-1/2-year lows reached in…

NNPC spent N623bn on fuel subsidy in 11 months

The Nigerian National Petroleum Corporation has incurred a total under-recovery of N623.16bn between January and November…

Nigeria’s rig count rises against oil output drops

Nigeria’s rig count —  a standard yardstick used in measuring a nation’s activeness in exploration and…

Oil price Stands at $71.68 p/b, after five consecutive weeks of decline

There was tension in oil producing and exporting nations, including Nigeria, yesterday as the price of…

Stakeholders urge FG to pass PIB into law

Participants at a summit held in Port Harcourt, the Rivers State capital, have called on the…

Refineries will be fully functional next year- Kachikwu

Minister of State for Petroleum Ibe kachikwu on Thursday said it will be sad if the…

FG gets China’s support for 3,050MW Mambila hydropower project

President Muhammadu Buhari on Wednesday secured the support of the Chinese President, Xi Jinping, for the…

Chinese firm to secure $2.38bn for Ajaokuta-Kano pipeline project

China National Petroleum Corporation says that it will secure the financing required for the execution of…

NPDC pledges compliance with Nigerian Content guidelines

The Nigerian Petroleum Development Company (NPDC), the exploration and production arm of the Nigerian National Petroleum…

Dangote arranges $4.5 bn to finance oil refinery

Africa’s richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his…

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