FG inaugurates 15-member NEITI governing board

The Federal Government has inaugurated a 15-member governing board of the Nigeria Extractive Industries Transparency Initiative (NEITI)…

Subsidy removal: DPR clarifies position on petrol pricing, says CEO ‘was quoted out of context’

Department of Petroleum Resources (DPR) has said that comments credited to its Director and Chief Executive…

Eid-El-Kabir: Uzodimma gives Muslim community in Imo 600 bags of rice, cows for Sallah

The Muslim community in Imo State on  Monday was put in a Sallah mood ahead of…

Seplat’s subsidiary, Westport Oil secures $50 million offtake lending facility

Westport Oil Limited, a subsidiary of Seplat Energy Limited, has secured a $50 million offtake linked…

OPEC+ raises Nigeria’s oil output to 1.8mbpd, agrees to restore pre-pandemic cuts

Organisation of Petroleum Exporting Countries and allies (OPEC+) has raised Nigeria’s permitted oil output to 1.829…

Downstream oligopoly strives against PIB

Sopuruchi Onwuka The ancient demon that causes scare in government’s failing attempts at commercial deregulation of…

OPEC+ maintains grip on global supply, records 113% compliance

Sopuruchi Onwuka Global petroleum market factors, the Organization of Petroleum Exporting Countries (OPEC) and its allies,…

AfDB fund raises total capital of $274m since 2011

The African Development Bank (AfDB) fund has raised a cumulative total capital of 274 million US…

Solving Nigeria’s epileptic power supply with coal

  Nigeria industrial development over the years has been bedevilled by myriads of problems top among…

Shell confirms oil leak at Opukushi Field in Bayelsa

Shell Petroleum Development Company of Nigeria (SPDC) on Tuesday confirmed an oil leak at its facility…