Thursday, August 18, 2022


August 8, 2022

Oil Prices: Oman records $2 billion budget surplus first half of 2022

In March, the Sultanate of Oman announced that the country had slated the revenue from soaring oil prices to reduce its public debt and support spending on government projects.

Oil Barrels
May 5, 2022

OPEC raises Nigeria’s oil production quota

The new target is 19,000bpd higher than the approved quota for May 2022.

Bonny light crude
September 21, 2021

Gombe govt signs MoU with firm on oil, gas exploration

The governor said the state failed over the years to explore and benefit from its “God-given natural endowment.”

Inuwa Yahaya, Oil barrel
August 6, 2021

PIB: Support sale of oil before it loses value, says Sylva to Niger Deltans

The minister said he had extracted a commitment from multinational oil firms to relocate their operational headquarters to the Niger Delta region.

Chief Timipre Sylva
May 23, 2021

NAFDAC destroys fake noodles, palm oil, other products

The NAFDAC boss said the destruction of the products was in line with the agency’s strategies aimed at eradicating the reintroduction of the fake drugs.

Mojisola Adeyeye
May 19, 2021

Niger-Delta oil no longer suitable for our business: Shell CEO Van Beurden

Shell has been beset by myriads of challenges ranging from oil theft to pipeline sabotage, as well as agitations by local communities over oil spills.

Shell CEO Van Beurden
February 17, 2021

DPR warns marketers against hoarding petroleum products

DPR emphasised it would not hesitate to apply appropriate sanctions on any depot found wanting in this regard.

January 28, 2021

Oil falls amid COVID-19-induced demand worries, stronger dollar

Buyers, using other currencies must pay more for dollar-denominated oil when the currency rises.

October 8, 2020

FULL SPEECH: Buhari presents N13 trillion 2021 budget to National Assembly

The proposal is benchmarked against $40/barrel crude price and N379 per dollar exchange rate.

President Muhammadu Buhari