Category: Oil

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Businesses Groan As Diesel Price Rises To N250/litre

February 24, 2021
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The price of diesel has risen to N250 per litre, with businesses groaning on the back…

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Oil-Producing Countries Suffered 40% Drop In Oil Investment – Report

February 18, 2021
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Nigeria and other oil-producing countries in sub-Saharan Africa saw a 40 per cent decline in oil…

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Oil prices down amid strong import data from world’s largest buyer

January 15, 2021
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Oil prices drifted lower at the last trading session of the week. Surprisingly oil prices are…

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GROUP VOWS TO BOOST INNOVATION IN OIL INDUSTRY

December 27, 2020
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The Nigerian Content Development and Monitoring Board has said it will continue to boost innovation as…

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AS ELECTRIC VEHICLE SALES RISES, NIGERIA’S OIL FACES THREAT

December 22, 2020
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The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric…

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NGC SPEAKS AGAINST PIPELINE VANDALIZATION

November 17, 2020
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The Nigerian Gas Company on Monday warned on the dangers inherent in pipeline vandalism, as it…

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FG WARNS ANAMBRA OIL EXPLORATION FIRM

November 9, 2020
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The Federal Government has warned that the exploration of hydrocarbon in reserves must be done in…

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AMID PRICE COLLAPSE, OIL FIRMS’ DEBTS ROSE BY N5TN

October 5, 2020
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The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the…