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Oil thief bags three years in Port Harcourt

The Port Harcourt Zonal Office of the Economic and Financial Crimes Commission EFCC, has secured the conviction and sentencing of Pascal Nnaji before a...

Larger portion of Nigeria’s oil, gas wealth yet untapped — Total...

Mr Ahmadu Kida-Musa, Deputy Managing Director, Deep Water District of Total Exploration and Production Nig. Ltd., says there are still billions of barrels of...

NNPC seals $876m financing deal with CPDC for OML 65

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has signed a Funding and Technical Services Agreement with CMES-OMS Petroleum Development Company, CPDC, for...

NNPC records N6.33b trade surplus in May -Report

The Nigerian National Petroleum Corporation (NNPC) said it recorded trade surplus of N6.33 billion for the month of May, 13 percent higher than the N5.60 billion surplus made in April.

Crude Oil prices rise after tanker explosions in Gulf

Oil prices have surged after suspected attacks on two tankers in the Gulf of Oman near the Iranian coast.

Nigerian economy grows by 1.4% in Q3

Nigerian economy has continued to improve steadily as it grew by 1.4 per cent in the third quarter, the National Bureau of Statistics, NBS,...

Nigeria lost N3.3 trillion oil revenue last year

The Federal Government recorded a deficit of $11 billion (N3.3 trillion using the official exchange rate of $305 per dollar) revenue from crude oil...

Oil jumps to $52 as Saudi, Russia agree to extend deal...

Oil prices began the week on a positive note, as Saudi Arabia and Russia, the world’s largest producers, agreed to extend the historic OPEC...

CBN auctions $418m to aviation, oil, agric sectors

The Central Bank of Nigeria (CBN) has auctioned $418 million at a marginal rate of N310 to a dollar, to airlines, agriculture,...

Oil prices fluctuate after U.S missile attack

Oil prices surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an...

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