The Organization of Petroleum Exporting Countries (OPEC) on Thursday refrained from changing its oil output policy after it failed to agree on a new production ceiling.
Following a report that the Organization of Petroleum Exporting Countries (OPEC) may consider a new production ceiling at today’s meeting (Thursday) oil pared has recorded a...
The Minister of Works, Power and Housing, Mr Babatunde Fashola (SAN), on Tuesday, restated the position of Federal Government not to back down on the increase...
For the first time in seven months, crude oil yesterday sold above $50 a barrel thanks to series of militant attacks in Nigeria, wildfires in Canada...
The Federal Government says that the new price regime for the downstream petroleum sector is comprehensively designed to tackle the hardship faced by Nigerians and create...
Nigeria’s Vice President, Prof. Yemi Osinbajo, on Friday explained the circumstances surrounding the review of petrol price band from N86.50 Naira to N145 per litre.
Mrs Funke Oshibodu, Managing Director of the Benin Electricity Distribution Company (BEDC), has been summoned by Edo State House of Assembly.
Nigeria’s oil output has slumped to a 22-year low, figures showed on Tuesday, because of pipeline sabotage and increasing unrest that has seen major companies evacuate...
The Federal Government on Wednesday officially ended the subsidy regime on premium motor spirit, popularly known as petrol, and will allow market forces determine the cost...
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) on Wednesday said it has declared force majeure on Bonny Light exports effective 12:00hrs Nigerian Time, 10th...
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