nigeria oil

The nation’s oil and gas sector attracted about $12.9 billion in investment commitments in the first quarter of the year. Executive Secretary, Nigerian Investment Promotion Commission, NIPC, Yewande Sadiku, disclosed this in a chat with journalists, in Abuja, yesterday. She put the total...

Increased oil prices and production dynamics are expected to sustain economic recovery into 2019 at least, says Moody’s cross-sector Nigeria report released last Tuesday. Economic recovery should lead to improvements in asset quality and dollar liquidity, both of which deteriorated...

Oil races to $80 as U.S. drilling rises Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production. Oil Brent crude was up 20 …...

Minister of State for Petroleum Resources, Ibe Kachikwu, and the Group Managing Director of the NNPC, Maikantu Baru held a closed door meeting with President Muhammadu Buhari on Monday, 5th 2016. The meeting came after the marketers expressed support over the decision reached at a gathering of...

The deregulation of the downstream oil sector and the increase in the pump price of Premium Motor Spirit from N86.5 per litre to N145 have led to the reduction in the consumption of the product by 30 per cent across the country, the Federal Government has said. Minister of State for...