With the global economy reeling from plunging oil prices occasioned by massive over production, Nigeria, a key member of the Organisation of Petroleum Exporting Countries (OPEC), which depends hugely on Continue Reading
WE are deeply disturbed by what appears as the renewal of conflict in the Niger Delta between the so-called militants and the armed forces after over seven years of peace Continue Reading
The Nigerian government is set to retrieve one of Africa’s richest oil blocs from oil giants, Shell and Eni, PREMIUM TIMES has learnt. Not only will the two oil giants Continue Reading
Amid one of the deepest oil price crashes in history, Britain’s Tullow Oil is sending one of the world’s biggest floating deep-water oil production platforms to West Africa to pump Continue Reading
Nigeria’s state oil company is shutting down two of the country’s four refineries because militant attacks on pipelines have affected their supplies. A statement Wednesday announced an “operational shutdown” of Continue Reading
The lifting of sanctions against Iran could take up Nigeria’s share of oil export to India, findings have shown. Economic sanctions on Iran were lifted on Saturday after the UN Continue Reading
The Nigerian military on Sunday confirmed that multiple attacks were carried out on oil installations in the Niger Delta area. The Commander of the Joint Task Force, JTF, Alani Okunlola, Continue Reading
Nigeria’s troubled economy, which is on the brink of a recession, is expected to worsen following the lifting of economic sanctions on Iran by the United States which effectively re-admits Continue Reading
Petrol will soon cost less than bottled water as the relentless decline in oil prices sends fuel down to 86p a litre, it has been claimed. Brent crude fell to Continue Reading
The only sure way to get Nigeria back on track economically is to direct attention to the production of natural gas. This was the submission of Gen. Martin Luther Agwai Continue Reading
