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Politics

Reps wants crude oil lifting contracts limited to quoted companies

The House of Representatives has taken steps to limit crude oil lifting contracts to companies quoted on the Nigerian Exchange Group.Consequently, the House resolved...
Business

Nigeria’s Oil production drops below 1mb/d – Report

The Petroleum Exporting Countries says Nigeria’s crude oil production has dropped below 1 million barrels per day.OPEC’s Monthly Oil Market Report for May puts...
Business

Energy mix: Oil coy tasks FG on investments, biomass reduction

Mrs. Nkechi Obi, the Group Managing Director of Techno Oil Ltd., an indigenous oil and gas company, has emphasized the need to have significant...
Business

Nigeria’s economy to face fiscal risk over subsidy, CBN Naira Policy —Report

Macroeconomic intelligence provider, FocusEconomics, has disclosed in its April 2023 Consensus Forecast report that Nigeria faces a fiscal risk due to various government policies.The...
Business

Eterna Plc loses N69.23m in foreign exchange forward contract

Domestic oil and gas company, Eterna Plc, recorded a decline in its foreign exchange forward contract, but managed to raise its total revenue for...
Business

NECA claims Nigeria loses $2.5bn oil revenue monthly, demands reversal of Buhari’s policies

The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, said on Friday the country loses $2.5 billion in oil revenue monthly.Oyerinde, who...
Business

NNPC discovers oil in Nasarawa, to drill first well in March

The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPC) Limited, Melee Kyari, said on Friday the company has discovered oil in...
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