NEWS

IEA Warns Of New Oil Glut

The global oil market could slip into deeper oversupply on the back of non-OPEC production growth led by the United States, the...

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Federation Disbursements Increased To N6.41tn In 2017 On Rising Crude Prices

…What each state got Rising oil prices and improved crude production have been cited as the major contributory factors, as the Federation...

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Nigeria Govt. To Bar Oil Majors From 100% Crude Export

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said multinational oil firms would, in a matter of time,...

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Board Earmarks $200m Fund To Boost Nigerians Participation In Oil Sector

The Nigerian Content Development and Monitoring Board (NCDMB) says it is setting aside a $200 million intervention fund to boost indigenous participation in...

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Nigeria Ready To Provide Leadership For Africa In Oil Sector, Says President

Nigeria, Africa’s biggest crude producer, is open to investments and ready to provide leadership for the continent in oil and gas, President...

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NNPC Advocates Closer Ties Among African Countries To Leapfrog Continent’s Economy

The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across...

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‘Declaration Of Cooperation’. OPEC’s Most Innovative Enterprise Says Barkindo

Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Mr Mohammed Barkindo, on Monday in Abuja said, the organisation had...