Figures by Nigeria Extractive Industries Transparency Initiative (NEITI) shows that Nigeria lost a N2.1 trillion as a result of crude oil production deferment in 2020. Deferment...
Nigeria’s Most Minister of Environment, Mohammad Abubakar, has said the country lost N4.75 trillion on oil activities in the four years between 2015 and 2018, as...
By FELIX OLOYEDE The liberalization of diaspora foreign exchange remittances in the country will help strengthen the Naira, economic experts have said. Since the Central Bank...
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, will on Wednesday meet to review compliance with oil cuts meant to support oil...
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company....
The Federal Government of Nigeria has urged International Oil Companies (IOCs) operating in the Niger Delta Region to honour Memorandum of Understanding (MoUs) with host communities...
By EMEKA EJERE As the reality of the world moving from oil to alternative energy sources continues to dawn on Africa, the continent has got no...
By FELIX OLOYEDE When Mr. Abiodun Oladapo, Chairman, Comtrade Group, first travelled abroad in 1987, he exchanged a dollar for N3.00, but if he was...
By Adebayo Obajemu Nigeria’s biggest indigenous oil production company, Seplat Petroleum Development Company Plc, has stated that OPEC’s extended oil production cuts on Nigeria would result...