Nigeria needs $12bn to clean up oil spills – Report
Nigeria needs $12bn to clean up decades-old oil spills in southern Bayelsa State over a 12-year period, a new report ...
Tag: Oil
How government support is a key driver for the growth of Nigeria’s Oil and Gas Sector
Few months ago, Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, expressed the Federal Government’s readiness to provide support ...
Oil Prices Surge Above $70 After Saudi Arabia Attack
Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began. This ...
Nigeria’s Foreign Reserve Plunges Despite Higher Oil Prices
Nigeria’s foreign reserve has declined rather than being boosted by higher crude prices, figures published by Central Bank of Nigeria ...
Oil Price Reaches Highest Since January 2020
Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months. ...
NNPC Expresses Optimism Of Oil Market’s Full Recovery By Third Quarter
The Nigerian National Petroleum Corporation (NNPC) has expressed optimism that the global oil market would achieve full recovery by the ...
The Future of Africa Without Oil by Ibe Kachikwu
This month, the International Energy Agency released its 2020 investment forecast. Not much surprises except for the fact that oil ...
Oil Price: No Cause For Alarm – Kyari
The Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has said that there is no cause for ...
OPEC, Allies Agree To Cut Production Figure
The Organisation of Petroleum Exporting Countries, OPEC, and its non-OPEC allies, led by Russia, on Sunday finally agreed to cut members’ ...
PPPRA Announces Date For Review Of Petrol Price
The Petroleum Products Pricing Regulatory Agency, PPPRA, has announced that there is the possibility of a new price regime for ...
