Traders monitoring the West African market have revealed that one of the Nigerias’s benchmark grades, Bonny Light, fell to about $12 or $13 a barrel this...
Bonny Light, one of Nigeria’s benchmark crude oil grades, traded between $12 and $13 per barrel between Monday and Friday. According to Bloomberg this price is...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria joined the OPEC+ to cut crude oil supply by 10 million Barrel Per Day....
Femi Falana, human rights lawyer, says $12.7 billion worth of crude oil was stolen from Nigeria between 2011 and 2014. Goodluck Jonathan was president during the...
The Secretary to the Government of the Federation (SGF), Boss Mustapha, has assured Nigerians that the Federal Government is not contemplating any form of hike in...
Crude oil price rose to $64 on Tuesday, the highest since President Muhammadu Buhari assumed office in May 2015. On Tuesday, Brent crude, the international benchmark...
Abuja – The Bauchi State House of Assembly has placed embargo on sale of land in some Local Government Areas that were identified with hydrocarbon deposit in the...
After several months of exploration activities, Borno State has joined the league of oil-producing states in Nigeria, as the Federal Government, yesterday, said crude oil had...
The Nigerian government has slammed a theft allegation of $406.75 million against Shell Petroleum Development Company of Nigeria Limited and its surrogate Shell Western Supply &...
Yesterday, the Niger Delta Avengers (NDA) indicated that the ceasefire it unilaterally declared some weeks ago to enable government address pressing issues concerning the region had...
President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to increase the tempo on crude oil exploration activities in the north eastern part of...
Dutch Disease. Resource Curse. Paradox of Plenty. Three good turns of phrases signifying an unflattering concept that could have been developed with just Nigeria in mind....
