By Ibiyemi Mathew For the first time in eight months, Nigeria’s oil production rose to 1.35 million bpd. Sources in a survey conducted by Reuters said many Nigerian crude streams produced more in December as a result of improved security.…
Oil prices gained marginally as the world’s top crude oil exporter, Saudi Arabia, on Thursday, cut the prices of all its crude grades loading for Asia in February to the lowest level to regional benchmarks in over a year, as…
By Ibiyemi Mathew Sahara Group has unveiled an initiative to promote access to clean energy and environmental sustainability. The initiative named “Responsibly Sahara” seeks to enhance the organisation’s sustainability footprint across Africa, Asia, Europe, and the Middle East. According to…
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Osogbo, on Thursday, sealed eight filling stations in the state for allegedly selling premium motor spirit (PMS) above the government-approved pump price. NMDPRA Coordinator in Osun, Mr Kunle Adeyemo, said this after…
Chief Executive Officer, Electricity Distribution Company (EKEDC), Dr Tinuade Sanda, says the company has earmaked N18 billion for capital expenditure for the year. Sanda said this at a news conference on Thursday in Lagos. She said the company would focus…
Ikeja Electric Plc (IE) as part of her efforts to ensure safety of equipments for stable electricity across its network, has collaborated with the Nigeria Security and Civil Defence Corps (NSCDC). Speaking during a meeting with the Lagos State NSCDC…
September 1, 2004, was like any other Wednesday in the Niger Delta. But it was strikingly different for one man and his company. The man walked into his office in Port Harcourt and took his seat, and Nigerians rose to…
OPEC’s production for the month of December increased by 150,000 bpd over November figures, the Bloomberg survey showed, with Nigeria instrumental in this increase. Nigeria, which for decades has struggled with oil theft, has said it has effectively cracked down…
Investigations have revealed that Tantita Security Services engaged by National Petroleum Company Ltd (NNPCL) has arrested 68 illegal oil vessels stealing Nigeria’s crude oil. A senior official of NNPCL hinted Nigerian NewsDirect that over 68 vessels involved in crude oil theft have…
Nigeria’s Minister of Finance, Mrs Zainab Ahmed, has revealed that only N3.36 trillion was earmarked for fuel subsidy in Nigeria’s 2023 budget. She disclosed this during a Public Presentation and breakdown of the 2023 Appropriation Act earlier today in Abuja.…
