The Nigerian National Petroleum Company (NNPC) Limited has uncovered an illegal four-kilometer pipeline from Forcados in Delta State to the sea and a loading port that...
Holders of refining licenses in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill (PIB) passed by the...
Oil prices showed signs of recovery Wednesday morning, modestly reversing some of the losses posted this week after storage in the U.S. rose less than expected....
Full disclosure in the administration of crude sales remains an issue at the Nigerian National Petroleum Corporation (NNPC) despite current efforts at enthroning transparency in the...
There was a surprise agreement amongst members of OPEC as they rose from the much awaited meeting in Austria with a resolution to find lasting solution...
Niger Delta Avengers (NDA), has again threatened that government will not be able to export a litre of crude from the region any time soon. This...
In light of dwindling proceeds from crude oil sales, government revenue has been shored up by non-oil revenues, which hitherto took a backseat. The Federal Accounts Allocation...
The current economic woes confronting Nigeria may worsen as the country is estimated to be losing about N2.79 billion daily following the closure of Qua Iboe...
