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Nigerian oil company Seplat is targeting cost cuts of at least 30% amid a steep oil price crash, an executive told Reuters on Monday. Chief Financial Officer Roger Brown said the cuts, which would ideally be higher in the short term,…
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Global oil demand is set to plunge by more than 10 percent from the typical 100-million-bpd consumption, as the raging coronavirus pandemic forces countries into lockdown, according to the world’s biggest independent oil trader, Vitol. …
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The Department of Petroleum Resources (DPR),has said that Nigeria currently consumes about 38.2 million litres of petrol daily. The agency in its national stock reports, also said the country has a stock of fuel that could sustain it…
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Long queues are beginning to appear in the Nigeria's capital FCT as Residents prepare for the long week ahead Just few days ago, the FCT Minister declared a partial shut down of the city, with religious centres such as Churches and…
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The Nigerian National Petroleum Corporation (NNPC) is to establish an energy renewable plant in Benue State using agricultural products as part of efforts by the Federal Government to diversify the nation’s economy. The corporation’s…
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*Do Not Die In Silence When Your Problems Can Be Solved Within 48hrs. Seeing Is Believing. For More Info: click here Update-11. If you have a runny nose and sputum, you have a common cold. 2. Coronavirus pneumonia is a dry cough with…
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There have been mixed feelings after the fuel pump price was slashed from N145/litre to N125 by the Federal Government, almost two weeks ago. While the fuel marketers said bringing down the price to N125 when they actually brought their…
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The Nigeria Union of Journalists (NUJ) has called on federal and state governments to urgently provide safety kits and palliatives to journalists to enable them to do their work effectively in view of the COVID-19 pandemic. …
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has handed over the medical equipment donated by the corporation to the University of Abuja Teaching Hospital, Gwagwalada. The NNPC…
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Despite pressures from the US to reach a compromise with Russia, Saudi Arabia continues with its surplus production targetsExperts are of the opinion that global oil demand for the March-April period could come down by around 10 million…
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