petroleum
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People & Money
Washington Tribunal Clears Nigeria of Culpability in $1.5bn Oilfield Claim
Nigeria has won a long-running legal tussle over an oilfield, averting the award of $1.5 billion in damages, Bloomberg reported…
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People & Money
Exxonmobil to Sack 1,600 Workers Across Europe
Global oil giant, ExxonMobil, has announced it will be laying off about 1,600 workers across Europe “to improve efficiency” and…
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People & Money
Nigeria at 60: Buhari Explains Why Nigeria’s “low” Petrol Price is Unsustainable
Nigeria’s president, Muhammadu Buhari, has said that the nation’s petrol prices are unsustainable. Buhari made this known in his nationwide…
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People & Money
Buhari’s PIB to Open NNPC to Nigerian and Foreign Investors
The proposed Petroleum Industry Bill (PIB) will create an opportunity for Nigerian and foreign investors to buy shares in the…
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People & Money
Oil Prices Decline Amidst Soaring Covid-19 Cases, Nigeria’s Bonny Light Gains $0.45
Oil prices slid on Tuesday as the spike in coronavirus cases dampen hope of a continuing upward swing in economic…
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People & Money
Nigeria’s Oil Could Become Worthless Soon – FG
With the global oil industry facing disruption amidst a move towards clean energy, Nigeria’s crude oil has its glory days…
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People & Money
NNPC, Sterling Global Ink Deal for OML 143 Monetisation
The Nigerian National Petroleum Corporation (NNPC) Friday said it had signed a pact with Sterling Global for monetisation of Oil…
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People & Money
Nigeria Looking The Way Of Gas To Buffer Subsidy Removal Pain
Nigeria is banking on automobiles powered by gas to support its partial shift from gasoline as a major vehicular energy…
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People & Money
NNPC Says Its Trade Surplus Grew By 858% in One Month
The Nigerian National Petroleum Corporation (NNPC) Thursday said that the value of products it exported in July 2020 grew by…
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People & Money
As Petrol Prices Increase Nationwide, Abia, Kebbi, Taraba Residents Paid Highest in August
Residents of Taraba, Kebbi, and Abia states paid highest amounts in petrol prices in August. An analysis of a report…
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