Oil and Gas
FG will offer small oil fields for licensing – NNPC
The federal government will offer marginal oil fields for auction this year despite the crash in crude oil prices, Mele…
Oil prices fall as rising U.S. inventories reassert supply concerns
Oil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after U.S. crude…
Nigeria’s oil crisis compounded as India’s fuel demand crash by 60%
In what may have compounded Nigeria’s energy crisis, India, the country’s largest importer of crude oil, reported a 60% slump…
Nigeria’s oil, gas exports to fall by $26.5bn -IMF
imf The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn…
Oil crash may warrant production halt, says NNPC
Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in…
FG pays N200bn to offset Gencos’ gas bill
The federal government has in the past two to three days paid over N200bn for power supply in Nigeria,Mele Kyari, …
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