ABUJA – The Shell Petroleum Development Company (SPDC) of Nigeria earlier today expressed concerns over the increasing cases of organized theft of crude oil in the...
YENAGOA — States in the Niger Delta region have demanded upward review of the current 13% derivation paid to oil producing states to 50%. This was...
ABUJA – The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has petitioned the Presidency, asking it not to grant approval for ConocoPhillips to...
WASHINGTON DC — The shutdown of the United States government has created economic and financial uncertainties for developing and emerging countries including Nigeria, Finance Minister Ngozi...
LAGOS — In a statement released yesterday, spokesman to Shell Nigeria Precious Okolobo said leaks have forced it to close the Trans-Niger Pipeline that carries 150,000...
ABUJA – Oil climbed to around $109 a barrel on both sides of the Atlantic on Friday after economic data and a sharp decline in U.S....
ABUJA – Bende Export Import Limited, a subsidiary of Slok Group, says Nigerian charcoal is in high demand among EU countries because they are of good...
LAGOS – Skye Bank Plc, Standard Chartered Bank Limited, First Bank of Nigeria Limited and First City Monument Bank Plc, have provided a $100 million refinancing...
LAGOS – The Federal Executive Council (FEC) has approved a contract worth $3.5million for the construction, delivery and commissioning of 100 channel marking buoys for the...
ABEOKUTA – All verified former workers of the recently privatized Power Holding Company of Nigeria (PHCN) will be fully paid their severance wages by next week,...
