OPEC oil cut extension will lead to global economic stability, says Analyst
An Oil and Gas Industry Analyst, Dr Shamsudden Musa said the agreement…
Tough OPEC meeting looms amid specter of oil deficit
OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that…
NSE turnover volume improves by 55.11 per cent
The volume of trade on the Nigerian Stock Exchange (NSE) on Thursday…
Oil debt: Court to resume hearing of FG’s $406.8 m suit against 3 oil companies on Jan. 23
A Federal High Court in Lagos will on Jan. 23, 2018, resume…
$1.8bn oil debt: Court to hear FG’s suit against Omokore, Aluko Nov. 23
A Federal High Court in Lagos will resume hearing of Federal Government’s…
Gov. Ambode inaugurates committee on oil producing area relations
Gov. Akinwunmi Ambode of Lagos State on Thursday inaugurated a 45-member committee…
NNPC pledges support for indigenous participation in oil sector
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr…
Oil hits highest levels since 2015 amid tightening markets, Saudi purge
Oil prices hit their highest levels early on Monday as markets tightened,…
NNPC ready to secure downstream assets-Official
The Nigerian National Petroleum Corporation (NNPC) has mapped out strategies to boost…
PENGASSAN raises concern on delay in PIB’s passage
Workers in the oil and gas sector on Friday alleged that the…
Global Markets – oil moves towards $59, Asian shares flat, Nikkei aims for 17th straight gain
Asian shares trod water in early trade on Wednesday while U.S. Treasury…
Oil Prices Rise Over Renewed Fears of Iran Sanctions, Iraq Conflict
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions…
Oil rallies towards approximately $60 on Chinese import boost and Mideast tensions
Oil prices firmed on Friday as bullish news from strong Chinese oil…
We pray God gives Nigerians the patience to bear with us- Buhari
President Muhammad Buhari, while speaking at the Presidential Villa in Abuja, On…
Oil rises to $57 less 10 cent as potential OPEC deal trumps U.S. exports
Oil prices rose on Thursday as signs Saudi Arabia and Russia would…
Oil rises to $58, set for weekly gain
Oil prices rose on Friday as investors bet that efforts to cut…
400 undergraduates get N60m in Shell scholarship scheme
Shell Petroleum Development Company (SPDC) on Thursday awarded N60 million in scholarship…
Oil gains as producers say market is rebalancing
Oil prices kept most of their gains from the previous session as…
OPEC exempts Nigeria from oil production cut
The Organisation of Petroleum Exporting Countries (OPEC) and Non-OPEC countries have approved…
Oil price rises toward $57 dollars even as U.S. crude inventories set for best Q3 since 2004
Oil prices rose on Wednesday in spite of a rise in U.S.…
PENGASSAN appeals to govt. over nonpayment of oil marketers
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSEN) on Wednesday…
EU-Nigeria trade stands at 19.9 billion Euros in 2016 – Official
Multilateral trade between Nigeria and European Union (EU) member states stood at…
Oil rises to $56 less 1 cent as Middle East producers stick to cuts
Oil prices traded close to five-month highs on Tuesday after fresh data…
Oil rises to approximately $56 on rising refinery demand, falling U.S. rig count
Oil markets were firm on Monday and remained near multi-month highs reached…
PENGASSAN urges FG to settle marketers debts to avert mass sack
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on…
Oil prices rise toward $56 as demand outlook brightens
Oil prices were lower on Friday but on course for weekly gains,…
Global Market – Oil rises to $56, shares up in Asia on relief at N.Korea inaction
The U.S. dollar won a reprieve from risk aversion on Monday after…
“I Pray Nigeria’s Oil Dries Up”- El Rufai
Governor of Kaduna state, Nassir El-Rufai has said that he's praying Nigeria's…
Buhari’s mandate to shift dependence from oil yields results – Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday…
Oil rises to $53 pb on 8th weekly U.S. crude stock draw-down
Oil prices rose on Wednesday after U.S. crude inventories declined for the eighth straight week…