Sunday, 2nd October 2022
Breaking News:

Sanusi Barkindo

6 Jul
The African Refiners and Distributors Association (ARDA) has described as shocking the passing away of the secretary general of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Sanusi Barkindo. Executive Secretary of ARDA, Anibor Kragha, who was also mourning Barkindo as they both served in the top Management at the Nigerian National Petroleum Company…
6 Jul
It was the same old stories, yesterday, as stakeholders converged on Abuja in search of ways to finance energy projects in Nigeria amid uncertain future and severe energy crisis.
5 Jan
The Organisation of Petroleum Exporting Countries (OPEC) and its allies announced yesterday that they will return 400,000 barrels per day to the global oil market in the month of February.
2 May 2017
Global oil prices have fallen sharply over the past three years, leading to significant revenue shortfalls in many energy-exporting nations such as Nigeria.
12 Oct 2016
To put it in proper and global perspective, when the last bull run of prices saw crude prices rose over $120 per barrel and as at July 2014, some of our crude streams had hit over $140 per barrel. In conventional economics, it was just a matter of time for correction in the market.
10 Oct 2016
The over two years of oil price crisis has cost the Organisation of the Petroleum Exporting Countries (OPEC) more than $1 trillion in losses and a decline ...


2 hours ago
The Federal Government has cautioned the Academic Staff Union of Universities (ASUU) over disobeying the order of the National Industrial Court of Nigeria (NICN) to call off its ongoing strike.
4 hours ago
The Senate Committee on Ethics, Privileges and Public Petitions is investigating the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for allegedly re-allocating Atala Marginal Oil Field (OML 46) in Bayelsa to another firm.
6 hours ago
Lagos State Police Command says it has arrested two suspected cultists in the state and recovered firearm from them. The command’s Police Public Relations Officer, SP Benjamin Hundeyin, stated this in a statement made available to newsmen on Sunday in Lagos. He said that the suspected cultists were arrested on Sept. 23 at about 6.30…
6 hours ago
Chief of the Naval Staff (CNS), Vice Admiral Awwal Zubairu Gambo has warned Officers and Ratings under his watch to stay away from partisan politics and desist from unprofessional conduct that damaged the image of the Nigerian Navy during the 2023 elections.
6 hours ago
As part of the build-up towards ensuring concrete security arrangements for the nation, as the 2023 General Elections approach, the Inspector-General of Police, IGP Usman Alkali Baba, has approved the training of the first batch of Bell 412EP B1.3 Type-Training Course for Police Airwing Aircraft Maintenance Engineers comprising 17 officers, whose training is expected to improve the technical expertise of the Aircraft Maintenance Unit of the Police Airwing and prevent operational mishaps during aerial surveillance operations.