THE Oil and Solid Minerals Producing Area Landlords Association of Nigeria (OMPALAN), has called for a synergy between the Association and Miyetti Allah Lauta Hore, a Fulani socio-cultural Association, to foster peace for increased investment in solid minerals and other sectors of Nigerian economy.

Oil prices on Monday clawed back some losses from a nearly 8 percent plunge on Black Friday, with Brent jumping back above $60 per barrel.

The Vice President, Professor Yemi Osinbajo (SAN), accompanied by Lagos State Governor, Mr Akinwunmi Ambode and the All Progressives Congress (APC) Governorship candidate in the State, Mr Babajide Sanwo-Olu on Monday launched the The Federal Government special enterprise and empowerment programme otherwise known as TraderMoni in three additional markets in Lagos.

WITH the making of a commercial oil find in 1956, there were strong indications that the International Oil Companies, IOCs would dominate Nigeria’s oil and gas industry for some reasons. First, the IOCs had the technology and other resources to invest in exploration and production of oil and gas. Second, their indigenous counterparts were not visible then.

THE Department of Petroleum Resources (DPR) has approved the ATC license for the construction of 5,000 bpd modular refinery to Ikwe-Onna Refinery project located in Akwa Ibom State.