Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns over U.S. supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent crude rose 48 cents,…
The Director and Chief Executive Officer, Department of Petroleum Resources (DPR), Sarki Auwalu has emphasised that optimising Nigeria’s oil production processes remains a pivotal factor in Nigerian’s drive for economic recovery drive. A statement in Abuja by the General Manager,…
The balance sheet of the Central Bank of Nigeria (CBN), has been dipped by six per cent, a report by Augusto& Co has revealed. The report further indicated that multiple interventions which included subsidies to the power sector from the…
The Organisation of Petroleum Exporting Countries (OPEC) says world oil demand prospects going into the last quarter of 2021 is being clouded by increased risk of the COVID-19 Delta variant. OPEC made this known in its Oil Market Report for…
The Director and Chief Executive Officer, Department of Petroleum Resources (DPR), Sarki Auwalu, has empathized that optimising Nigeria’s oil production processes remained a pivotal factor in Nigerian’s drive for economic recovery drive. A statement in Abuja by the General Manager,…
The Nigerian National Petroleum Corporation (NNPC) has denied tampering with funds meant for the federation account to declare its first profit of N287 billion in 44 years. This was following doubts expressed by some critics over NNPC’s declaration of profit…
The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday commissioned the Nigerian Content Development and Monitoring Board’s Technology Incubation and Innovation Center and formally launched the US$50 million Nigerian Content Research and Development Fund. The Minister performed…
Dangote Oil Refinery has thrown its weight behind the efforts by Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development (R&D) in the oil and gas sector of the country. To underscore its’…
By Uthman Salami Nigerian Content Research and Development Fund under the aegis of Nigerian Content Development and Monitoring Board (NCDMB) has earmarked $50 million for investment in research and development geared towards strengthening local content in the oil and gas…
…to assist FG with effective implementation of PIA By Alao Matthew The Major Oil Marketers Association of Nigeria has appointed the Chief Executive Officer, Ardova Plc, Mr. Olumide Adeosun as the substantive Chairman of the Association He took over from…
