Nigeria urges Turkey to fund oil, gas projects in West Africa
The Nigerian government on Wednesday called on the Turkish authorities to look at the prospect of funding major oil and...
Natural Resources
Subsidy may hit N5tln
Oil price has hit S140 per barrel as the Russia-Ukraine war continues promising to drain Nigeria’s purse through unending subsidy...
Nigeria has enough petrol
The federal government has maintained that it has enough petrol in the depots to serve the growing demand, amid the...
Russia threatens to close gas pipeline to Germany
Russia has said it may close its main gas pipeline to Germany if the West goes ahead with a ban...
US to ban oil, gas from Russia
US President Joe Biden is expected to today ban Russian oil, natural gas and coal imports to the US, according...
Oil, gas firms owe Nigeria N1.32trn
The Nigeria Extractive Industries Transparency Initiative (NEITI, said oil and gas companies liabilities to the Federation Accounts as at Dec....
African countries engage DFIs to fund oil, gas projects
Nigeria and other petroleum producing countries in Africa have begun engagements with Developmental Finance Institutions (DFIs) to fund critical oil...
Seplat still in deal with ExxonMobil
Seplat Energy says its Sale and Purchase Agreement (SPA) with ExxonMobil has not being terminated. Mr Emeka Onwuka, Chief Financial...
Oil coy expresses interest in NIPP plants
The Nigerian National Petroleum Company Limited (NNPCL), has expressed interest to participate in the acquisition of power plants for sale...
Crude oil market almost on standstill in Europe, Atlantic
The European and Atlantic physical crude market has been brought to a near standstill by a jump in prices and...
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