Oil & Gas

Nigeria should refine petrol for Africa – Mahama

Former Ghanaian President, Mr. John Mahama, yesterday, said African leaders must be bold and take the destiny of the region into the hands of Africans.


Oil prices hit highest levels since 2015 amid tightening markets, Saudi purge

Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.



$3b down the drain, oil in north remains elusive

Stakeholders remain divided about the wisdom in the continued search for hydrocarbon resources in the north, especially as $3 billion has already been sunk without making a commercial find.



Tension heightens as Niger Delta Avengers suspend ceasefire

Friday’s suspension of ceasefire with the Federal Government, by the Niger Delta Avengers, and the possible resumption of attacks on oil installations has brought about heightened tension in the Niger Delta.



Give peace talks a chance, Community leaders beg Niger Delta Avengers

Community leaders in Nigeria’s oil-rich south on Monday urged militants not to resume attacks on pipelines but give peace talks with the government another chance.



Nigeria not an oil economy – Adeosun

Bureau Chief Nigeria is not an oil economy, the Minister of Finance, Mrs. Kemi Adeosun, has said.


Other News

Nigeria’s external reserves to hit 3yr high of $35bn


THE nation’s external reserve will this month hit $35 billion, the highest in three years.The last time the nation had $35 billion external reserve was end of November 2014, when it dropped to $35.24 billion from $36.25 billion at end of October 2014.


BVN: Banks move to stop deposit forfeiture, lobby AGF

Deposit Money Banks in the country are lobbying the Office of the Attorney General of the Federation to back down on the plan by the Federal Government to seize monies in the bank accounts of customers without the Bank Verification Number, it has been learnt.



Debt servicing gulps N928bn in six months

Amidst increasing anxiety of the nation’s indebtedness to local and foreign creditors, the Federal Government is spending huge sums to service loans from different sources



Many federal workers have no insurance cover –Investigation

Relatives of many deceased federal workers may not be entitled to any form of insurance claims because of the consistent delay by the government in paying premiums for the cover to the underwriting firms, investigation has revealed.



Why 2018 budget is threatened, by lawmakers

The Federal Government’s gross lack of know-how and poor handling of budgeting procedures is responsible for the very poor implementation of the country’s spending plan, as witnessed in the outgoing year.



New report says 3.15m Nigerians face food crisis situation

The Cadre Harmonise report for food security situation across 17 states of the federation has revealed that 3.15 million Nigerians are experiencing food insecurity, emergency and famine.



MAN seeks review of Common External Tariff

The Manufacturers Association of Nigeria has called for a review of the Common External Tariff to be introduced by the Economic Community of West African States in 2019.



Competency test failure: Kaduna orders recruitment of 25, 000 teachers

Kaduna State Executive Council has approved the outcome of the primary four teachers’ competency test and directed immediate process for recruiting 25,000 teachers to replace those who failed the examination.


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