US oil hurts Nigeria, OPEC in Europe

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. US oil floods Europe hurting Nigeria’s exports Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by More...

by Uchenna Ajah | Published 4 months ago
By Uchenna Ajah On Saturday, April 21st, 2018
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15 residents of VGC caught bypassing EKEDC meters

No fewer than 15 residents of Victoria Garden City (VGC), Ajah, on Lekki-Epe Expressway are to be prosecuted for their alleged involvement in energy theft,  Eko Electricity Distribution Company (EKEDC) said . Electricity More...

By Uchenna Ajah On Thursday, April 19th, 2018
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35 ships with petrol, others expected -NPA

Thirty-five ships carrying petroleum products, food items and other goods are expected to arrive at the Apapa and Tin Can Island ports in Lagos from Thursday to May 6. 35 ships with petrol, others expected – NPA The More...

By Uchenna Ajah On Monday, April 16th, 2018
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Estimated billing: FG’s ‘Meter Asset Providers’ scheme in jeopardy

…as stakeholders bicker over turf     By AYOOLA OLAOLUWA   Trade dispute between the recently licensed 87 meter asset providers and electricity distribution companies may jeopardize the Federal Government’s More...

By Uchenna Ajah On Thursday, April 12th, 2018
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Senate intervenes as oil well tears 3 states apart

The renewed agitation over ownership of oil wells being claimed by Kogi, Anambra and Enugu will soon be a thing of past as Senate has mandated its Committee on Petroleum (Upstream) to investigate the matter and More...

By Uchenna Ajah On Wednesday, April 11th, 2018
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Oando shares move up 10% on Stock Exchange

The shares of troubled energy trader, Oando Nigeria Plc, moved up the maximum 10 per cent to N6.99, within the first one hour of trading on the Nigerian Stock Exchange (NSE) on Wednesday. File Photo Stock trader More...

By Uchenna Ajah On Tuesday, March 20th, 2018
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NNPC set to revive four refineries

The Nigerian National Petroleum Corporation (NNPC) has vowed to get the nation’s four refineries back to their optimal, working capacities. Dr Maikanti Baru, GMD, NNPC Group Managing Director of the corporation, More...

By Uchenna Ajah On Tuesday, March 20th, 2018
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NNPC operations to go digital

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the corporation is poised to go paperless in its operations soon, as part of efforts to ensure transformation More...

By Uchenna Ajah On Sunday, March 18th, 2018
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Falana slams NNPC for failing to reveal financial information

Human rights lawyer, Femi Falana, has criticised the Nigerian National Petroleum Corporation (NNPC) for rejecting a Freedom of Information request he made concerning the operations and finances of the corporation. Falana Falana More...