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*OPEC headquarters. 03 February 2016, Sweetcrude, Vienna, Austria, — The price of OPEC basket of thirteen crudes stood at $28.36 a barrel on Tuesday, compared with $29.69 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes (ORB) is made up of the following:...

Chuks Isiwu 03 February 2016, Sweetcrude, Lagos – Nigerdock, Nigeria’s premier ship building and repair yard, is determined to commence...

Oscarline Onwuemenyi 03 February 2016, Sweetcrude, Abuja – The Nigeria Labour Congress, Trade Union Congress of Nigeria and Civil Society Organisations...

Sam Ikeotuonye 03 February 2016, Sweetcrude, Lagos – US oil giant Chevron has reported a loss of $588 million for fourth quarter 2015, compared...

02 February 2016, Yenagoa – The attack on pipelines allegedly carried out by Niger Delta militants has cut down the crude oil export of the Nigeria...

*Naira notes. 01 February 2016, Lagos – The Naira on Monday slightly strengthened against the dollar at the parallel market, in spite of scarcity...

Farouk Ahmed, Executive Secretary, PPPRA 01 February 2016, Abuja – Nigeria spent N20.2 trillion to import petrol, diesel and kerosene between January...

01 February 2016, Lagos – First Bank of Nigeria Limited, Guaranty Trust Bank Plc, Zenith Bank Plc and United Bank for Africa have been named among...

*OPEC headquarters, Vienna, Austria. 01 February 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $29.11...

*A drilling rig operating in Soku. *Iranian oil output climbs 60,000 barrels a day last month *China purchasing managers index drops for 6th month in January 01...