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Nigeria oil production falls by 10.25%

By Obas Esiedesa Nigeria’s total crude oil and condensate production from January to October 2020 fell by 10.25 percent when compared to similar period in 2019, latest data from the Nigerian National Petroleum Corporation, NNPC, has shown. Data contained in the NNPC monthly financial and operational report for November 2020 showed that for the eight
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Why I honored Sam Mbakwe, Ikpeazu reveals

PIB: Oil companies have no presence in Abia — Ikpeazu

By Ugochukwu Alaribe Governor Okezie Ikpeazu of Abia State, has expressed concern that despite the long years of oil exploration in the state, there was nothing tangible people of oil-producing communities in the state have to show for it. Ikpeazu, while receiving the Senate and House of Representatives Joint Committee on Petroleum Industry Bill led
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“Without natural capital accountability GDP growth is meaningless’

Bonny Light hits $65.36pb, as OPEC+ mulls oil production increase

Nigeria’s grade of crude oil, Bonny Light, yesterday, witnessed a marginal rise of $1.63 cent, or 2.56 percent rise to $65.36 per barrel from the previous day, giving further relief to the nation’s budget benchmark, even as Organisation of the Petroleum Exporting Countries Plus (OPEC+) mulls oil production increase. This development, according to global crude oil prices sighted by our correspondent, places the nation’s Excess Crude Account, ECA, on a positive trajectory.

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