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The Federal Government has approved $5.3 billion for the Ibadan-Kano standard gauge rail project, Rotimi Amaechi, the Minister of Transportation said. The minister disclosed this in a statement issued on Thursday in Abuja by his media…
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Minister of State for Petroleum Resources, Chief Timipreye Sylva, yesterday says it was unsustainable for Nigeria to continue to import petroleum products. Sylva, who represented the President of the Federal Republic of Nigeria,…
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...as shell raises alarm Nigeria is bleeding as shell Petroleum Development Company has continued to cry out that it is losing 10,000 barrels of crude oil every day. It means that the country is losing about 300,000 barrels of crude oil…
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Reforms currently taking place at the Nigerian National Petroleum Corporation (NNPC), the country’s state-owned oil company, have been welcomed by no less a person than Mohammed Barkindo, the secretary general of the Organisation of…
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Fire on Wednesday gutted the Apata Ibadan depot of the Nigeria National Petroleum Corporation, NNPC. The incident, according to an official of the Corporation who spoke with our correspondent occurred in the loading section of the…
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…As Saudi Arabia sustains commitment to output cuts Oil prices have increased in the last two days thanks to Saudi Arabia’s renewed commitment to output cuts. But such gains in prices often has the negative effect of making…
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The Federal Government is to deliver Final Investment Decisions on at least four key projects within the nation’s oil and gas industry within the tenure of this administration, President Muhammadu Buhari, has said. Buhari, who is the…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has stated that the roadmap to transform the corporation through his focus on Transparency, Accountability and Performance Excellence…
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The Special Presidential Investigation Panel on the Recovery of Public Property has sent to the Solicitor-General of the Federation, Dayo Apata, a list containing reports on 23 cases being handled by the panel up till the time its…
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Recent drops in the supply of Shale oil from the United States and a cabinet reshuffle in Saudi Arabia has also helped Nigeria’s mono-economy create new revenue sources for the time being. Oil price graph A five-day price…
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