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Former presidential aide Dr. Usman Bugaje, who stirred controversy recently, has explained why Nigeria’s oil in the south belongs to the north. Naija News recalls that...
The oil communities in Rivers State have alleged being neglected despite the country benefiting from resources explored from the region. The oil-rich region regretted the absence...
A former Nigerian minister, Olu Falae has advised the President Bola Tinubu-led government to repair and sell off non-functioning refineries. Making this call while appearing on Channels...
Ever since the Russia-Ukraine war shot up crude prices from $97 per barrel to $125, oil-resourced countries, barring Nigeria, have been having the time of their...
The Nigeria Government has suffered a setback in its target to meet the N9.37tn oil and gas revenue target by the end of the year. Naija...
Not until issues such as vandalism, oil theft, and low investments are addressed accordingly, Nigeria may continue to lose fortunes from crude oil, Naija News reports....
By Richard Ogunsile and Chukwuani Victoria When a country borrows hugely either internally or externally, there is an expectation the borrowed funds will impact its economy...
The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministers have increased Nigeria’s oil output to 1.829 million barrels per day (mb/d). The decision was taken...
Crude oil rose to 8 months high on Wednesday after data showed a surprise drop in United States crude oil inventories for last week. The better...
Seplat Petroleum Development Company Plc has announced the currency exchange rate applicable in the determination of the third quarter 2020 interim dividend payment to shareholders. The...
Transnational Corporation of Nigeria Plc (“Transcorp”) has agreed to pay Sacoil Holdings Limited, now known as Efora Energy Limited, a total sum of $5.5 million over...
The details of the Minister of State for Petroleum Resources, Dr Ibe Kachikwu’s meeting with top executives of the National Oil Company of the Kingdom of...
-The Senate has pegged the exchange rate at N305 to $1 Senate passes MTEF, FSP The Nigerian Senate has passed the 2018-2020 Medium Term Expenditure Framework...