After months of under-production and heavy dip in foreign exchange earnings from oil export due to crude theft and vandalism, Nigeria’s oil production is set to rise again as Shell Continue Reading
GROUP General Manager, GGM, National Petroleum Investment Management Services, NAPIMS, Bala Wunti, has said there is close collaboration among oil bunkerers, security officials, communities, and others in breaching the nation’s Continue Reading
Nigeria, Morocco, and their partners expect to make a final investment decision next year on what would be the world’s longest offshore gas pipeline from Nigeria to Morocco and onto Continue Reading
In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline connecting directly to Continue Reading
The Forcados terminal is operated by Shell. A spokesperson for the company could not be reached as the known phone line did not connect. The Nigerian National Petroleum Company (NNPC) Continue Reading
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the current petrol scarcity in Abuja and other states in the North is caused by flooding in Lokoja, Continue Reading
Officials in Nigeria discovered an illegal connection line from one of its major oil export terminals into the sea that had been operating undetected for nine years, the head of Continue Reading
Purchasing managers’ index fell to 48.2 in September from 52.1 Index tracking expected business conditions suggests more pain Employees work at a sewing machine, powered by a generator, during a Continue Reading
s Developing countries in Africa are losing a champion that for years allowed them to borrow at cheaper rates than they could find in capital markets. China, Africa’s largest bilateral Continue Reading
Nigeria has failed to capitalize on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. Data from Continue Reading
