The Nigerian National Petroleum Corporation (NNPC) remains the major importer of petrol in spite of liberalisation of petroleum products and government intervention to ease marketers’ access to foreign exchange (forex). The corporation in its latest Monthly Financial and Operations Report...

The Federal Government is to establish a specialised paramilitary force in the petroleum industry next year in a bid to ensure zero vandalism of pipelines and put an end to similar acts of sabotage of oil installations, particularly in...

The 2016 3rd quarter Vessel Categorisation Report indicated that about 235 vessels operating in the oil and gas industry were built in the country. The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, told NAN in...

The Nigeria Mortgage Refinance Company, in partnership with SunTrust Bank Plc, has launched a N13bn mortgage refinancing scheme for federal civil servants. The Minster for Finance, Mrs. Kemi Adeosun, was quoted in a statement as saying that the Federal Government...

Global oil benchmark, Brent crude, jumped above $57 per barrel on Monday after 11 non-members of the Organisation of Petroleum Exporting Countries, including Russia, agreed to cut their production by 558,000 barrels per day. Brent, against which Nigeria’s oil is...

The Executive Vice-Chairman, Nigerian Communications Commission, Prof. Umaru Danbatta, has said that the nation will save at least N2bn annually if the recent data hosting with the Internet Exchange Point of Nigeria continues. He said that public and private organisations...