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The raging Coronavirus pandemic will wipe at least $4billion revenue from Nigeria and other African countries economy through reduced demand for the continent’s exports, the NJ Ayuk, the Executive Chairman of the African Energy Chamber has…
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A Five-man delegation from the Ministry of Petroleum, Republic of Niger recently visited the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State and sought counsel on how to implement Local Content…
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Nigeria’s number one crude grade, Bonny Light currently battles for market share at the international market, according to traders. Reports say the grade is facing a decline in demand, adding that Azeri Light, a grade produced by…
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Oil prices jumped almost four percent in Asian afternoon trade Friday, reversing earlier losses sparked by the Saudi-Russia price war and fears about the economic impact of the coronavirus pandemic. West Texas Intermediate was up 3.9…
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In a statement released by the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), warned Nigerians to prepare for economic downturn, due to the low level of crude oil price in the international market because of the…
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The Nigerian National Petroleum Corporation (NNPC) has placed a ban on international travel for its staffers due to Coronavirus outbreak. According to reports reaching newsmen, the corporation said any essential international travel…
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According to Petroleum Products Pricing Regulatory Agency PPPRA, the expected open market price of PMS (Premium Motor Spirit), popularly known as petrol, has dropped massively to N114.53 per litre, N30.47 lower than the approved…
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Global oil demand will all but stall this year as the coronavirus outbreak is expected to hit economies in various regions, Organisation of the Petroleum Exporting Countries (OPEC) says. Demand will only inch up by 60,000 barrels per…
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*Presidency tackles Kwankwaso, says govs can remove monarchs *Politics has destroyed our valuable tradition – Northern elders *Kano govt denies banishment as Sanusi goes to court today *New Kano emir weeps One of the…
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The Nigerian National Petroleum Corporation, NNPC, Thursday, appointed Mr. Kehinde Obateru, as the new spokesperson for the corporation, while it sacked over 400 senior staff nationwide. The appointment of Obateru and the sack would…
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