In 11 Months, FG Earned N5.04trn From Oil – CBN   Between January and November last year, the Federal Government made about N5.04tn from the sale of oil, figures obtained from the Central Bank of Nigeria have revealed. The oil revenue, according to the CBN economic report...

Iraqi Oil Facilities Secure, Production Continuing – OPEC   Iraqi oil facilities are secured and the country’s production is continuing, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo said on Wednesday. “It’s a big relief that the facilities continue to be secured...

Oil Rises Above $70 Amid US-Iran Rift   Oil prices surpassed $70 per barrel on Monday for the first time in more than three months as the United States warned of increased threats to energy facilities in the Middle East after the assassination of an Iranian...

Nigeria Faces Crude Production Decline As Oil Price Rises   The international oil benchmark, Brent crude, rose slightly on Thursday on the back of improving trade relations between the United States and China as well as rising tensions in the Middle East. Brent, against which Nigeria’s oil...

Interests In Insurance, Oil Stocks Drive N93bn Gain   On the second-to-the-last trading day of the year 2019, the nation’s stock market saw a renewed interest of investors, particularly in insurance and oil and gas stocks. Investors gained N93.1bn as the market capitalisation of equities increased from...

Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria   A number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating in the country have failed to sanction them several years after they were announced. Industry experts said...