Trump blasts OPEC as Saudis see oil price rise

Saudi Energy Minister Khaled al-Faleh said Friday the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating prices. (FIles) US President Donald Trump speaks during a meeting with senior military leaders at the White House in Washington, DC, on April 9, 2018. More...

by Uchenna Ajah | Published 3 days ago
By Uchenna Ajah On Friday, April 20th, 2018
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Oil boom for Nigeria as prices hit $73.79 a barrel

An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw down More...

By Uchenna Ajah On Thursday, April 19th, 2018
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NNPC retail set new measures to check marketers

The Nigerian National Petroleum Corporation (NNPC) says its downstream subsidiary, NNPC Retail Limited, has introduced stricter measures to scrutinise and supervise the operations of its mega and affiliate retail More...

By Uchenna Ajah On Saturday, April 14th, 2018
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NNPC records N250b trading surplus

The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak said the corporation recorded a trading surplus of N250 billion in 2016. Minister of More...

By Uchenna Ajah On Saturday, April 14th, 2018
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Kachikwu among 100 most influencial Africans

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has been named among 100 Most Influential Africans of 2017 by a London-based magazine, the `New African’. The Minister of State for Petroleum Resources, More...

By Uchenna Ajah On Wednesday, April 4th, 2018
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PIB: NNPC challenges Consultant to NASS

Nigeria National Petroleum Corporation (NNPC) has challenged the consultant to the National Assembly on Petroleum Industry Reform Bill (PIB) to take a comprehensive look at the issues in the oil and gas sector and More...

By Uchenna Ajah On Sunday, March 25th, 2018
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PIGB : Stakeholders advocate 2 regulators for petroleum industry

Oil marketers and the Organised Private Sector (OPS), have suggested  two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill (PIGB) currently  before the National Assembly. PIGB More...

By Uchenna Ajah On Tuesday, March 13th, 2018
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Establishment of modular refineries will reduce militancy- Boroh

The Coordinator of the Presidential Amnesty Programme (PAP),Brig-Gen. Paul Boroh, says the establishment and operations of modular refineries in the Niger Delta will end youth restiveness in the region. Gen. Paul More...

By Uchenna Ajah On Tuesday, March 6th, 2018
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NNPC remits N857bn to Federation account – Report

The Nigerian National Petroleum Corporation (NNPC), says it remitted N857.36 billion to the federation account in 2017. The Corporation disclosed this in a statement on its Monthly Financial and Operations Report More...