Oil: High Prices Boost Indigenous Firms , IOCs Earning In Q1 As crude oil prices continue to soar, International Oil Companies (IOCs), and indigenous firms in Nigeria recorded significant profit during the first quarter of 2018. Sharply climbing oil prices and years of cutting cost when...

Baru Urges NNPC And Oil Service Firms To Go Global The Nigerian National Petroleum Corporation (NNPC) and indigenous oil services firms should extend their operations to other petroleum industries across the world. NNPC Group Managing Director (GMD) Dr Maikanti Baru has said. Baru who spoke while...

Trump’s China Threat Shakes Stock, Oil markets Crude oil and global equity markets tumbled last Friday after U.S. President Donald Trump upped the ante in a trade dispute with China, renewing investor jitters about the potential impact a tariff war would have on the world...

Nigeria’s Active Oil Rigs Hit Three-Year High     From a record low of 23 in December 2016, the number of the nation’s active oil rigs rose to 35 in February this year, a level last seen in early 2015. The upturn in the rig count was mostly...

CBN: Fed Govt Earns N658.6b From oil, Non-oil receipts About N658.56 billion was recieved by the Federal Government from oil and non-oil sectors, the Central Bank of Nigeria (CBN) Economic report released has said. The figure, which is for November, showed that oil receipts stood at...

Kachikwu -Nigeria can’t Regain Lost US Oil Export Market   The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigeria has forever lost the United States as a significant crude export market. “That’s gone,” Kachikwu was quoted by Platts to have said during a...