Thursday, 2nd February 2023
Breaking News:

Crude oil

26 Oct
The Managing Director of the Nigerian Ports Authority(NPA), Mohammed Bello-Koko has said the agency is in the process of procuring a Vessel Tracking Service (VTS) to enable it to identify
26 Oct
Nigeria, once a leading crude oil producer in Africa with close to two million barrels per day production is struggling to keep up despite the passage of the Petroleum Industry Act.
17 Oct
Senior lawyer and human rights activist, Femi Falana, has described the recent burning of a crude oil laden vessel by soldiers as “a deliberate attempt to cover up the involvement of military personnel in the serious crime of oil theft.”
18 Sep
Lagos State Government has assured of its support to promote the export of locally-made goods, in a bid to reduce the nation’s dependency on crude oil.
17 Aug
Bayelsa State Police Command has arrested and paraded five notorious pipeline vandals, who specilised in breaking and damaging crude oil pipelines for illegal oil bunkering activities
31 Jul 2022
In 2001, I attended the national council on power when the late Olusegun Agagu was Minister of Power, this was during the Olusegun Obasanjo administration, Danjuma Goje was Minister of State for Power,...
21 Jul 2022
Stakeholders unanimously called for support of Nigeria’s non-oil export sector, yesterday, at the seventh Annual Edition of the Zenith Bank International Trade Seminar, themed: ‘Unlocking Opportunities in Nigeria’s Non-Oil Export Business.’
20 Jul 2022
The Nigeria Employers’ Consultative Association (NECA) has expressed concerns that losses from daily crude oil theft, alongside a corrupt and inefficient ports system, continue to undermine the country’s revenue
23 Jun 2022
A Professor of economics, Perekunah Bright Eregha, has advised the Federal Government to adequately invest in education and make funding the sector a priority
15 Jun 2022
The Organisation of the Petroleum Exporting Countries (OPEC), has released a fresh report on crude oil production of its member countries, indicating that six countries increased their crude oil output while seven countries declined in production.
3 Jun 2022
Despite the contributions of cocoa to Nigeria’s economy and its potential to do better through higher production, value chain development, local consumption and export
6 May 2022
In the first four months of this year, data from the Nigerian National Petroleum Company Limited showed that Nigeria was losing about 250, 000 barrels per day of crude oil to theft.


6 mins ago
With less than 23 days to the general elections, the crisis rocking the All Progressives Grand Alliance (APGA) took a new twist as a factional presidential candidate, Chekwas Okorie, on Wednesday unveiled his campaign council.
11 mins ago
The Supreme Court has dismissed an appeal by the Peoples Democratic Party (PDP) seeking to restore the nullification of the participation of Osun’s ex-governor Gboyega Oyetola and his deputy Benedict Alabi in the July 16, 2022 governorship election. A five-member panel of the Supreme Court led by Justice Centus Nweze on Thursday held that the…
24 mins ago
The Central Bank of Nigeria (CBN) on Thursday directed commercial banks to start paying the redesigned naira notes to customers over the counter. CBN governor Godwin Emefiele announced the directive in a statement. Emefiele said the new directive was to alleviate the challenges that Nigerians are experiencing with getting access to the new notes, as…
29 mins ago
Shell's net profit surged to a record $42.3 billion last year, the British energy giant said Thursday, as Russia's invasion of Ukraine sent oil and gas prices soaring.
1 hour ago
The Executive Vice Chairman of the Nigerian Communications Commission (NCC) Prof Umar Danbatta has called for the inclusion of Girls in the ICT in line with the United Nations' effort to empower girls in tech and close the digital gender gap.