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Crude oil, Nigeria’s biggest revenue earner, yesterday surged past $30 per barrel,heightening hope for the country’s budget. Nigeria, which hitherto announced $57 per barrel oil benchmark in the 2020 budget, has been forced to crash the…
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•Calls for non-oil export diversification economy The Managing Director of Nigerian Ports Authority (NPA), Ms Hadiza Usman, has disclosed that the Federal Government exported 78 per cent of crude oil cargo,  while the remaining 22 per…
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States that have not benefited from medical facilities and infrastructure support from the Nigerian National Petroleum Corporation (NNPC) and her partners in the ongoing intervention initiative have no cause to worry. The corporation’s…
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This is in addition to a 9.7 million barrels cuts agreed on by the Organisation of Petroleum Exporting Countries (OPEC) and its allies. Saudi Arabia announced that it would further cut output by one million barrels per day, Kuwait by…
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The Nigerian National Petroleum Corporation (NNPC) Tuesday in Abuja announced that the total revenue recorded from the sales of white products for the period February 2019 to February 2020 stood at about N2.6 trillion, with petrol…
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Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a report by the Nigerian National Petroleum Corporation (NNPC), has shown. The corporation also announced that for the…
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Kuwait joined Saudi Arabia on Monday in announcing fresh oil production cuts to be implemented in June, state news agency KUNA reported, citing Oil Minister Khaled al-Fadhel. Kuwait will slash production by 80,000 barrels per day in…
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Saudi Arabia announced a surprise move to slash oil output to the lowest in 18 years as it tries to spur the recovery from an energy crisis that has devastated the kingdom’s finances. Just hours after unveiling a slew of…
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The Nigerian Content Development and Monitoring Board (NCDMB) has concluded arrangements to hold a session of Spotlight Webinar where oil and gas stakeholders are expected to share insights about opportunities in the industry. The…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Saturday decried the proposed merger of three agencies in the petroleum industry. The agencies are: Petroleum Technology Development Fund (PTDF), Petroleum Products…
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