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A Niger Delta militant group, that styles itself Koluama Seven Brothers on Sunday said it carried out a “warning” strike on an oil facility owned by energy company Conoil in Bayelsa. The attack was carried out on Friday, by the new…
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KEY INDICATORS IndicatorValueCommentaryInflation11.28%As at December 14, 2018. A c.2bps increase from 11.26% recorded in October 2018MPR14.00%Left Unchanged for the 12th Consecutive Time at the Nov. 22, 2018 MPC MeetingExternal…
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In the week ahead, oil traders will continue to monitor developments in U.S.-China trade talks while supply levels will also continue to capture market attention after signs of falling supply last week supported prices. The Organization…
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Oil and gas firms operating in the country flared a total of 215.9 billion standard cubic feet of natural gas in the first nine months of last year, amounting to a potential loss of N197bn. Data obtained by our correspondent from the…
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Many articles have been written this past year about the impending demise of OPEC. Shale oil, it has been argued, has ended the cartel’s stranglehold on oil prices. There’s some truth to that argument, but it also understates OPEC’s…
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All six General Managers of Addax Petroleum Development Nigeria Limited,have “voluntarily” disengaged their services from the firm. Although their disengagement is yet to be announced officially by management, a source close to the…
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The Nigeria Customs Service (NCS) yesterday released its 2018 operational statistics, saying it recorded 5,235 contraband seizures with Duty Paid Value (DPV) of N61,543,633,401.31. The Service also said it generated…
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President of Nigeria Football Federation (NFF), Amaju Pinnick has denied reports that he has been placed on a travel ban by the Federal government. Pinnick, who serves as the 1st vice president of CAF and an executive committee member…
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The Nigerian foreign reserve, in 2019, has recorded the highest opening in six years. According to the latest figures from the Central Bank of Nigeria (CBN), as collated by TheCable, the country’s reserves opened at $43,075,740,908…
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The National Executive Council of the Host Communities of Nigeria (HOSCON), a Niger Delta group representing oil-producing areas, has urged the federal government to begin the payment of gas flare penalties directly to the affected…
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