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An air craft,belonging to Airpeace was near crashing today while taxiing for takeoff at the Abuja international airport, Naija News learnt. The incident reportedly took place about 3 minutes after the plane started…
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…raises the alarm over blackmail, defamation Ocean Marine Solutions Limited (OMS), a leading asset company dedicated to protecting the nation’s strategic assets, has tasked the Federal Government to investigate the management of Trans…
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With an estimated N1.149, 385 trillion expected to go into the payment of subsidy in 2019, and mere N305 billion allocated for the purpose in the 2019 budget proposals, the country may run into a massive budget deficit if nothing is done…
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...Analysts see further increase in 2019 as Naira comes under pressure THE Central Bank of Nigeria, CBN, cash injection into the nation’s foreign exchange market rose by 118 percent to about $48 billion in 2018 from $22 billion in 2017.…
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In its move to manage liquidity, the Central Bank of Nigeria (CBN) has reported N17.5 trillion Open Market Operation (OMO) sales in 2018. Information obtained from the apex bank official website revealed increased OMO sales in December…
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Stakeholders in oil and gas industry yesterday said that total deregulation of the downstream sector of the petroleum industry would unlock the huge private investment potentials in the sector and stimulate sustainable growth. They…
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OPEC oil supply fell in December by the largest amount in almost two years, a Reuters survey found, as top exporter Saudi Arabia made an early start to a supply-limiting accord while Iran and Libya posted involuntary declines. The…
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As the Nigerian National Petroleum Corporation (NNPC) intensifies its search for hydrocarbon deposits in the Benue trough, the Group Managing Director of the Corporation Dr. Maikanti Baru, has said that plans have been concluded for the…
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An oil field operated by Conoil at the weekend exploded and went up in flames at Koluama, Southern Ijaw Local Government Area, Bayelsa State. A group, which identified itself as the Koluama Seven Brothers (KSB), claimed responsibility…
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The Organisation of Petroleum Exporting Countries (OPEC) formed in 1960 had the mandate of coordinating and unifying the petroleum policies of its member countries and to ensure the stabilisation of oil markets in order to secure an…
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