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The Nigerian National Petroleum Corporation (NNPC) on Tuesday said that Nigeria earned $640.35million from the export of crude oil and gas for the month of October, 2018. NNPC Monthly Financial and Operations Report for October 2018…
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Nigeria recorded crude oil export worth N11.5 trillion in nine months, from January to September 2018, rising by 48.01 per cent from N7.77 trillion recorded in similar period in 2017. The value of crude oil export in the nine-month…
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Nigeria has set January 31, 2019 target to scale up oil production to 1.83 million barrels per day.Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who stated this in a document sighted by New Telegraph at the weekend, premised…
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Oil prices appreciated yesterday with support of ongoing supply cuts from Organisation of Petroleum Exporting Countries (OPEC) and Russia and by a drop in U.S. drilling activity. International Brent crude oil futures were at $60.75 per…
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By Danlami Nasir Isah It was 4:38pm on Monday, 14th of January 2019, when the buzz of fire alarm from the 9th floor of Block A, the GMD’s block at NNPC Towers, Abuja sent so many members of staff and visitors into panic, thus forcing…
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Alhaji Abubakar Bwari, the Minister of State,  Mines and Steel Development, said that 11 companies indicated interest to operate the Ajaokuta Steel Company. Bwari announced this while giving a three-year account of stewardship…
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There are fresh indications that the Federal Government may have concluded plans to increase the pump price of Premium Motor Spirit (PMS), popularly called petrol, from N145 per litre to between N185 and N200 per litre shortly after the…
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Foremost petroleum marketing company in Lagos, Nigeria, MOB Integrated Services Limited, is now the largest supplier of Liquefied Petroleum Gas (LPG) in West Africa, delivering over 25,000 metric tonnes (MT) monthly across the sub-Sahara…
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Soldiers on Operation Python Dance III have averted a clash between farmers and Fulani herdsmen in Anambra State, the 82 Division of the Nigerian Army, has said. The Army said it also arrested a notorious car snatcher in Umuahia, Abia…
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Youths of the crude oil and gas-rich Niger Delta region have been urged to direct their energies towards developing their innate abilities. The admonition was made over the weekend by the Deputy Managing Director, Port Harcourt District…
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