OPEC and OPEC+ member countries have finally decided to cut oil production by 9.7 million barrels a day starting on May 1st, 2020 and until June 30th, 2020.

The 10th OPEC/Non-OPEC Declaration of Cooperation Ministerial Meeting to conclude the curtailment of crude oil production by 9.7 million barrels. This also promises an appropriate balancing of Nigeria’s 2020 budget that has been rebased at $30 per barrel.

Equatorial Guinea continues to be proactive in encouraging foreign direct investment into the country

Seventeen ships load with fuel and other goods to arrive Nigeria from March 17 to 29

Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License (OPL) 245.

Dr Baru said that as the supplier of last resort, the Corporation would continue to live up to its responsibility by intervening in the supply of deregulated petroleum products like diesel, jet fuel, kerosene and cooking gas to ensure supply sufficiency.

The Department of Petroleum Resources (DPR) has sealed four petrol stations in Abuja for hoarding, under dispensing and other sharp practices in selling Premium Motor Spirit (PMS)

The Group CEO of Oando Plc, Adewale Tinubu, has blamed the company’s record loss on falling crude oil prices and the weakness on the naira.

Chris Igwe, Managing Director, Mainland Oil and Gas, on Tuesday said the company planned to invest about N2 billion in mega filling stations across the country.

The federal government has asked the Polish government to support it with expertise especially in the area of transmission as the existing lines in the country are old and weak. While soliciting their support to develop the nation’s evacuation of...