An official in the Ministry of Finance has said any system that does not have natural capital accounting is failing even if GDP is growing.Read More
Following the incidence of the 1,000-tonne oil spill that occurred in the coastal environment of Mauritius, Oilwatch Africa has warned that African leaders must not allow the continent to drown in crude oil.Read More
THE refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 percent.Read More
By Ediri Ejoh The Federal Government has slashed the price of crude oil export for the month of March as no Nigerian cargo is sailing to China in February. Nigeria is becoming increasingly dependent on European demand and the Nigerian National Petroleum Corporation, NNPC, has effectuated an across-the-board price cut on its March 2020 official
The Federal Government, Wednesday, disclosed that so far, one billion barrels of crude oil has been discovered in the North-East region of the country.
Speaking at the closing ceremony of the Nigerian International Petroleum Summit, NIPS, Minister of State for Petroleum Resources, Chief Timipre Sylva, also stated that negative comments about Nigeria are hindering the inflow of capital into the country.
Saudi Arabia announced on Wednesday it will allow women in the kingdom to serve in the armed forces as it embarks on a broad programme of economic and social reforms. The move is the latest in a series of measures aimed at increasing the rights of women in the kingdom, even as rights groups accuse
Riyadh on Thursday asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country’s stocks after an attack on Saudi Aramco facilities.Read More
lagos—The Nigeria National petroleum Corporation, NNPC, said yesterday, that it was working with its partners to grow the national reserve to 40 billion barrels by 2025 and improve crude oil production to three million barrels per day.Read More
Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the demand outlook.Read More
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Wednesday, urged Federal Government to attach premium to palm oil production, saying its price is higher than crude oil’s.Read More