Angry oil workers have shut down all offices and facilities of the Nigerian National Petroleum Corporation, NNPC, in protest of Tuesday’s splitting of the state oil company by the federal Continue Reading
The minister of state for petroleum resources, Dr Ibe Kachikwu, has disclosed the federal government’s plans to end the importation of petrol within the next 18 months. Disclosing this in Continue Reading
Growth in Nigeria, Africa’s biggest economy and oil exporter, slowed in the fourth quarter as crude revenue fell and manufacturers struggled amid a shortage of foreign-exchange for imports. Gross domestic Continue Reading
Nigerian President Muhammadu Buhari has approved the unbundling of the Nigerian National Petroleum Corporation into seven divisions, the Premium Times reported March 8. Five divisions will focus on core production Continue Reading
State-owned oil company of Nigeria to be divided into 30 discrete entities. IMF warned last week the economy may need to reform to address pressures from lower crude oil prices. Continue Reading
Key members of the Organization of Petroleum Exporting Countries intend to meet with other producers in Russia on March 20 to renew talks on an agreement to cap oil output, Continue Reading
The Organization of the Petroleum Exporting Countries (OPEC) logo is pictured at its headquarters in Vienna June 10, 2014. Some members of OPEC plan to meet other oil producers in Continue Reading
Nigeria will break up its state-owned oil company into 30 separate units within weeks in a bid to reform the unprofitable entity, Managing Director Emmanuel Kachikwu said. Each company will Continue Reading
The long fuel queues which appeared over the weekend at some major cities across the country have grown worse, Daily Trust findings revealed. This is just as the Nigerian National Continue Reading
Two Nigerian communities can sue Royal Dutch Shell PLC’s Nigerian unit in the U.K. over oil spills in the West African country, a London court ruled Wednesday, testing whether energy Continue Reading
