24 October 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $48.08 a barrel…
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Obiaya also said the Discos now consider the CBN intervention fund as a curse because it has not done for them what they expected.
23 October 2016, Lagos – The country has lost at least N689bn to the suspension of exports of Forcados, one of…
23 October 2016, Lagos — A total of 18 new armed groups have sprung up in Nigeria in the last…
Nigerian oil output plummeted to near 30-year lows of around 1.4 million b/d in May from 2.2 million b/d earlier in the year as attacks on oil facilities in the Niger Delta rose at an alarming pace amid resurgent militancy.
Dutse said the decline was also attributed to the Force Majeure declared at both the Bonny and Forcados crude oil exporting terminals as well as the shut-in of crude oil production and shut-down of pipelines for routine repairs and maintenance in the region.
22 October 2016, Abuja – Even as Nigeria is trying very hard to diversify its economy so that agriculture, mining…
*The catalyst consists of copper particles embedded in carbon spikes *When voltage is applied, the catalyst triggers a complex chemical…
21 October 2016, Lagos — A Federal High Court in Lagos has fixed December 8 to hear a suit by…
21 October 2016, Liberbreville — A strike in Gabon by oil workers at French company Maurel and Prom has cut…