Monday, February 6, 2023

Oil

December 15, 2022

Nigeria inflation rises for 10th consecutive month, hits 21.47 percent in November

The most recent development suggests that Nigeria’s inflation rate has reached its highest point since September 2005, when it was 24.32 per cent.

Inflation in Nigeria
September 23, 2022

UK confirms support for new oil, gas licensing round

The UK government formally lifted a ban on fracking for shale gas in England and has confirmed support for a new oil and gas licensing round.

Oil Field
September 15, 2022

Nigeria’s inflation hits new high at 20.52% in August

The latest inflation data represents a 0.88 per cent increase from the 19.64 per cent recorded in July 2022.

Inflation graph
August 24, 2022

Civil Defence nabs suspected oil thief in Akwa-Ibom

Mr Marafa said the suspect, aged 36, was arrested by NSCDC operatives in Akwa Ibom on August 19.

Suleiman Marafa
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