Sweet Crude

Oil price above $75, Nigeria’s oil output dips at 1.48m/bpd in June

By Ediri Ejoh Despite the rise in crude oil prices above $75 per barrel at the International market, there are indications that Nigeria crude oil production may have recorded a decline by 7,000  bpd of 1.48 million bpd in June against 1.55 million bpd in that of May. This is despite the positive rise in […]
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IYC decries illegal mining in North, calls for resource control

IJAW Youth Council, IYC, has called for amendment of the constitution to allow states control and harness natural resources in their areas, noting that with illegal mining activities by individuals seemingly allowed in the north the Niger Deltans should also enjoy such over oil
National President of the body Roland Oweilaemi in a statement made available to Vanguard, said with stories coming from the north over individuals mining solid minerals belonging to the nation the body will not hesitate in its drive for a constitutional reform to allow states in the Niger Delta exercise control over resources in their domain.

Nigeria remains a great investment destination – Funmi Ogbue

THE Nigerian Oil and Gas Fair, NOGOF, which took place in Yenagoa, Bayelsa state in April, 2019, was the brainchild of the Nigerian Content Development and Monitoring Board, NCDMB. In this interview with UDEME AKPAN, Mrs Funmi Ogbue, CEO/Principal Consultant, JAKE RILEY Limited, looks back at the event, its impact on local content in particular and economy of the nation in general.