Nigeria’s House of Representatives has revealed plans to constitute a 12-member Adhoc Committee to investigate the allegations that oil and gas companies are heavily indebted to...
The Nigerian government has ordered AITEO Eastern Exploration and Production Company Ltd, AEEPCo, to halt the operation of the oil field in Bayelsa State on Tuesday....
The African Import-Export Bank (Afreximbank) signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance oil exploration. A statement released by the...
Ugandan High Commissioner to Nigeria, Ambassador Nelson Ocheger, has disclosed that six Nigerian companies have indicated interest to invest in Uganda oil and gas industry. Ocheger...
Brent crude futures eased from recent highs and settled around $84.3 a barrel on Tuesday, pressured by prospects of lower industrial demand for energy products. Traders...
Oil prices surged on Monday as OPEC+ kept to its plan to not boost output further, while US and European stocks slumped amid worries over inflation...
Brent crude futures rose by 0.63% to a more than 6-week high of $73.9 a barrel on Tuesday, gaining for the second day, amid concerns about...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Wednesday, provided detailed explanations on some burning oil industry issues at...
Brent crude futures were up more than 2% to above $66 a barrel on Monday, ending a 7-day losing streak and attempting to rebound from a...
The Minister of Finance, Mrs Zainab Ahmed, has disclosed the Federal Government of Nigeria raked as retained revenue which amounted to 67.3 per cent target, adding...
