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Nigeria: As Oil Prices Rise Again

On Tuesday last week, crude oil prices rose to about $61 per barrel in the international market, its highest since July 2015. There are indications that it rise to $70 and above in the next few weeks. This development is...

November 6, 2017

Green Post

NNPC takes crude oil search to Benue

After it commenced the search for crude oil at the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation on Thursday announced that it had started mobilising for oil exploration in the Benue State area...

November 5, 2017

Green Post

Kachikwu: Nigeria to Earn $2bn in the Short-term from Proposed Fiscal Policies for Oil Industry

Nigeria is eyeing at least $2 billion in the short-term, and $9 billion in the long-term from the rollout of a new fiscal policy it has initiated for her oil and gas industry, the Minister of State for Petroleum Resources,...

November 5, 2017

Green Post

Separation of NNPC’s regulatory and operational roles critical – PwC

A new report by PricewaterhouseCooper entitled, ‘The new nation builders: Creating the African national oil company of the future,’ has said that political involvement in the management of the Nigerian National Petroleum Corporation can lead to rapid turnover in key...

October 10, 2017

Uncategorized

Nigeria Earns N362.43bn From Crude Oil Export in June

Nigeria’s crude oil earning increased from the N253.02billion in June, to N362.43billion in July, according to the National Bureau of Statistics (NBS). This comes as stakeholders in the oil and gas industry have underscored the drawbacks of the Petroleum Industry...

October 6, 2017

Green Post

$25b: Nnpc’s Probe Likely As Buhari Meets Kachikwu

The President will today meet Minister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu, The Nation learnt last night. The minister has alleged that $25billion contracts have been wrongly awarded by Nigerian National Petroleum Corporation (NNPC) Group Managing Director...

October 5, 2017

Green Post

Nigeria Earns N13.5 Billion From Cashew nuts, As F.Govt Shores Up Non-Oil Exports

Nigeria’s effort to diversify the economy appears to be yielding results with increased revenue from cashew nuts and other agriculture products’ export. The Minister of Agriculture and Rural Development, Audu Ogbeh, during a presentation on Thursday at the National Economic...

September 29, 2017

Green Post

NPDC to raise Nigeria’s oil production by 320,000bpd

Nigeria’s crude oil production is expected to increase by 320,000 barrels per day (bpd) by 2020 from different Oil Mining Lease (OML) in the Niger Delta region This increase, which would be coming from Nigerian Petroleum Development Company (NPDC), a...

September 27, 2017

Uncategorized

Senate may probe NNPC’s planned Ajaokuta-Kaduna-Kano gas pipeline contract

The Senate, yesterday, said it would carry out a holistic investigation into the proposed award of the Engineering, Procurement and Construction (EPC) contracts of Ajaokuta- Kaduna-Kano(AKK) Gas Pipeline, totalling $2.317 billion (N834.12 billion), to the highest bidders once it discovered...

September 24, 2017

Uncategorized

Nigeria: Dangote – We Should Pray Oil Prices Stay Low

Africa’s richest man, Aliko Dangote, has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence. He said agriculture should be the focus of government, as...

September 21, 2017

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Author: Doowe

Nigeria: As Oil Prices Rise Again

NNPC takes crude oil search to Benue

Kachikwu: Nigeria to Earn $2bn in the Short-term from Proposed Fiscal Policies for Oil Industry

Separation of NNPC’s regulatory and operational roles critical – PwC

Nigeria Earns N362.43bn From Crude Oil Export in June

$25b: Nnpc’s Probe Likely As Buhari Meets Kachikwu

Nigeria Earns N13.5 Billion From Cashew nuts, As F.Govt Shores Up Non-Oil Exports

NPDC to raise Nigeria’s oil production by 320,000bpd

Senate may probe NNPC’s planned Ajaokuta-Kaduna-Kano gas pipeline contract

Nigeria: Dangote – We Should Pray Oil Prices Stay Low

The Great Fuel Switch: How 24 Nigerian States are Defying the Global $150 Oil Threat

The Egyptian Move: Why the “CNG Giants” Are Betting Big on Nigeria

The Global LPG Shortage: Why the World is Desperate for Nigerian Gas

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