Anambra earns N268m from oil derivation
The Anambra Government says it received the sum of N268,2 million as its share of 13 per cent derivation from ...
Tag: Oil
Theft, vandalism rob Nigeria of benefits of high crude oil prices
Low production rate, theft and pipeline vandalism have combined to rob Nigeria of the benefits of high cost of crude ...
Ikike field will help Nigeria bridge production gap – TotalEnergies
TotalEnergies has said the commencement of production from its Ikike field would help to bridge Nigeria’s oil production gap which ...
Crude theft, pipeline vandalism stall Nigeria’s development
The General Manager of Shell Petroleum Development Company of Nigeria, Mr Igo Welli has identified crude oil theft, pipeline vandalism ...
Perenco’s PetroChad Exports First Oil via Chad-Cameroon Pipeline
In less than one month under new leadership, PetroChad Mangara has announced the export of its first barrel of oil ...
EU, NNPC visit major illegal oil refining site in Rivers
The European Union, the Nigerian National Petroleum Company Limited (NNPC) and the Joint Task Force (JTF) Operation Delta Safe on ...
Nigeria urges indigenous oil companies to takeover IOC assets
The Federal Government has challenged Indigenous Petroleum Producers Group (IPPG) to take advantage of ongoing divestments by International Oil Companies ...
Expert suggests change in rates as CBN holds 2-day MPC meeting
A Financial Expert, Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to ensure a complete review in all ...
NEPC restates diversification from crude oil exports
The Nigerian Export Promotion Council (NEPC) on Monday in Abuja reiterated the need to promote non-oil exports for Nigeria to ...
Oil marketers kick against price regulation
The Major Oil Marketers Association of Nigeria (MOMAN) says the regulated N165 pump price for Premium Motor Spirit (PMS), also ...
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