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Tag "oil"

Report: Nigeria earned $394bn oil revenue in 10 years

    Report: Nigeria earned $394bn oil revenue in 10 years

The Nigeria Extractive Industries Transparency Initiative (NEITI) says revenue from the oil and gas sector amounted to $394.02 billion from 2011 to 2020.  NEITI disclosed this in its oil and

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Minister: Why Buhari’s administration won’t complete Ogoni clean-up

    Minister: Why Buhari’s administration won’t complete Ogoni clean-up

Mohammed Abdullahi, minister of environment, says the ongoing Ogoni clean-up will not be completed under the administration of President Muhammadu Buhari. Abdullahi said this on Wednesday while addressing state house

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SEPCOL’s vessel fire: NOSDRA monitoring level of oil spill, says Ikeazor

    SEPCOL’s vessel fire: NOSDRA monitoring level of oil spill, says Ikeazor

Sharon Ikeazor, minister of state for the environment, says the National Oil Spill Detection Response Agency (NOSDRA) has commenced overflight operations at the site of the exploded vessel to monitor the situation

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Oil price hits 2-month high, trades at $77 a barrel

    Oil price hits 2-month high, trades at $77 a barrel

The price of Brent crude rose to the highest in two months amid supply constraints and a drop in crude inventories of the United States, the world’s top oil consumer.

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VAT collection: States should move away from mentality of revenue sharing, says Peter Obi

  VAT collection: States should move away from mentality of revenue sharing, says Peter Obi

Peter Obi, former governor of Anambra state has advised state governments to improve their revenue generation capacity. The Federal Inland Revenue

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So the oil industry is about to come to an end?

  So the oil industry is about to come to an end?

The first pandemic of this century is the COVID_19 pandemic. Amongst other things, it precipitated a price war that sent

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Masari: Every state can sustain itself — Nigeria shouldn’t depend on oil

  Masari: Every state can sustain itself — Nigeria shouldn’t depend on oil

Aminu Masari, governor of Katsina, says every state in the country has the potential of sustaining itself. In an interview

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Attah: NLNG Train 7 project will bring $10bn FDI into Nigeria

  Attah: NLNG Train 7 project will bring $10bn FDI into Nigeria

Anthony Attah, managing director of Nigeria Liquified Natural Gas (NLNG), said the Train 7 project will stimulate inflow of about

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DPR concludes marginal field bid round — first in 18 years

  DPR concludes marginal field bid round — first in 18 years

The Department of Petroleum Resources (DPR) on Monday awarded letters to successful investors in the 2020 marginal field bid round

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As oil market becomes unstable, Russia and Nigeria must rethink energy partnership

  As oil market becomes unstable, Russia and Nigeria must rethink energy partnership

BY VIVIAN CHIME AND LIUBOV GLAZUNOVA In October 2019, Russia held the first Africa-Russia summit. Dozens of African leaders attended

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