According to Rep. Philip Agbese, the Deputy Spokesman of the House of Representatives, the Nigerian Navy has surpassed expectations in maritime security, anti-piracy operations, and crackdown on oil theft menace.
The price of oil ended a four-day losing streak by rising 1 percent on Friday, but fell for the week on concerns that strong US economic data would keep interest rates high.
The Independent Petroleum Marketers Association (IPMAN) has issued a stern warning that it will shut down its 30,000 stations nationwide if the Federal Government's outstanding debt of N200 billion isn't settled promptly.
If Oil Disappeared Tomorrow….
By Haitham Al Ghais, OPEC Secretary General
If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded....
