Faltering crude oil prices have put the nation’s local currency, the 2018 budget implementation and the fragile economic growth on a crisis path...

The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots nationwide...

2018 has been an interesting year for the Nigerian economy. At the start of the year we continued our recovery from a difficult period. The foreign exchange shortages which were the bane of the previous three years were all but forgotten. The crippling fuel scarcities appeared to have been dealt with. Year on year Inflation…

Succour has come the way of the oil and gas industry as its efforts at communicating issues to stakeholders has received a boost after a lingo compendium was reintroduced to the public with reinvigorated and well researched information containing clear and detailed definitions that are extensively cross referenced, and handy for quick and easy understanding…

The oil and gas industry and other sectors of the nations economy are currently in need of indigenous experts, who specialize in Non-Destructive Testing (NDT). With only eight in-country level three NDT practitioners, foreign exchange conservation as well as reduction of expatriates, particularly from India and China into Nigeria’s petroleum sector could remain elusive if…

Presidential candidate of Allied Congress Party of Nigeria, Dr. Obiageli Ezekwesili has said there is need for a ‘pressing’ reform in the oil sector. In a statement, yesterday, she demanded an immediate end to oil subsidy in Nigeria, saying, “it gives little or no benefit.” Ezekwesili explained that ending oil subsidy and reforming the oil…

The inaction of the Nigerian Government with respect to delayed approval for projects in the Benin embayment, is currently stalling investments in the area, and threatening the resolve by the current government to grow its oil reserves. Investment running into billions of dollars that could have poured into Nigeria’s Benin embayment and the economy is…

Sahara Energy International PTE Limited has urged investors to take advantage of emerging opportunities in South Sudan’s upstream, downstream and power sectors in the wake of positive market forecasts and assurances of enabling business environment from the oil-rich nation. The Chief Executive Officer of the company, Valery Guillebon, said this at the Africa Oil &…

Oil prices slumped Friday to lows not seen since last year as concerns over high crude supplies triggered massive selling, dealers said.

President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has urged the federal government to as a matter of urgency consider the oil reform bill pending before the National Assembly for over 17 years. He lamented that lack of political support has been hindering the growth of the sector, saying government needs to…

The pound rebounded against the dollar Friday, a day after a severe shellacking, as some investors were willing to bet on Prime Minister Theresa May getting a controversial Brexit draft deal through parliament, dealers said. Even as dark clouds continued to gather over the prime minister's political future, many felt she might just get enough…

The presidential candidate of the Allied Congress Party of Nigeria (ACPN), Dr. Oby Ezekwesili, has called for the deregulation of the oil sector to boost the country’s economy...