Assessing Nigeria’s Benefits From Oil Price Rally   While the recent appreciation in crude oil price has provided Nigeria an opportunity to earn more revenue from oil sales, the country equally spends a considerable amount of that on importing petroleum as well as on subsidy payment,...

NEITI To Unveil Owners Of Mining, Oil Assets In 2019   The Nigeria Extractive Industries Transparency Initiative (NEITI) has set December 31, 2019, for the unveiling of a comprehensive register of beneficial owners of oil, gas and mining companies in Nigeria. The Executive Secretary, NEITI, Dr. Waziri...

Nigeria’s Gas, Oil Export Sale Increases By 36%   The Nigerian National Petroleum Corporation on Thursday announced total crude oil and gas export sale of $416.07m for June 2018, which was 35.78 per cent higher than what was recorded in the previous month. Details of the figures...

NNPC, Others Pledge To Boost Oil Sector Output   Key agencies of government under the Federal Ministry of Petroleum Resources have pledged to improve the digitalisation of their systems in order to boost the country’s oil and gas sector. According to the Nigerian National Petroleum Corporation, the...

At $84, Oil Hits Highest Since 2014 International oil benchmark, Brent crude, extended its gains on Monday, rising to its highest level of $84 per barrel since November 2014. The further rise in oil prices came on the back of supply concerns before United States sanctions...

Oil Marketers Urge FG To Hasten Payment Of N650bn Debt Oil marketers have appealed to the Federal Government to hasten payment of over N650 billion subsidy arrears to save their assets from being taken over by banks. The marketers, under the aegis of Major Oil Marketers...