Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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Shell Restarts Bonga Field After Turnaround Maintenance
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier!-->!-->!-->…
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CBN Moves to Shield Naira as War-Driven Volatility Hits Global Markets
The Central Bank of Nigeria (CBN) has signaled its readiness to intervene in the foreign exchange market to defend the naira if global market volatility triggered by escalating geopolitical tensions begins to pressure Nigeria’s!-->!-->!-->…
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NCDMB Trains Young Engineers On Pipeline Pigging, Corrosion Control
Not fewer than 33 young graduates of engineering, geology and related disciplines were on Friday in Port Harcourt, Rivers State, underwent opening formalities for a 12-month training programme in pipeline engineering, corrosion control!-->!-->!-->…
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Another season of blackouts
Adebayo Adelabu, Minister of Power
Millions of Nigerians are once again living in darkness due to needless power outages amid hike in prices despite the crooked and unworkable band system meant to further polarise the wallowing gulf!-->!-->!-->…
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Shell resumes production at Bonga as it completes turnaround maintenance on FPSO
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier!-->!-->!-->…
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FG’s Subsidy Removal Raised Prices, Worsened Poverty To 63%, Report Reveals
…Reform Pains Persist Without Strong Social Protection
…Stakeholders Urge Govt To Expand Safety Nets For Vulnerable
A new study has revealed that the removal of petrol subsidy in Nigeria significantly worsened poverty levels,!-->!-->!-->!-->!-->!-->!-->…
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Oil climbs above $100 as Iran warns Strait of Hormuz will remain shut
Global oil markets rose into renewed turmoil Thursday after crude prices climbed above the $100 per barrel mark, driven by escalating geopolitical tensions in the Middle East and mounting fears of a prolonged disruption to global!-->!-->!-->…
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OPEC: Nigeria’s crude oil production dropped by 10% to 1.31m bpd in February
Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February, according to the Organisation of Petroleum Exporting Countries (OPEC) data.
In its monthly report on Wednesday, the oil alliance said the figure!-->!-->!-->!-->!-->…
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The Iran war is causing the largest disruption to oil markets in history, IEA says
Negar / Middle East Images / AFP via Getty Images
The Iran war has produced the largest disruption to oil markets in history, the International Energy Agency said on Thursday.
"The war in the Middle East is creating the largest!-->!-->!-->!-->!-->…
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Group urges FG to increase crude supply to local refiners
NNPC filling station
The Federal Government have been increase crude oil supply to local refineries and consider targeted subsidies to cushion the impact of rising fuel prices on Nigerians following the global oil market disruption!-->!-->!-->…
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