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Tag "oil"

NNPC secures $3bn oil-for-cash loan to stabilise the naira

    NNPC secures $3bn oil-for-cash loan to stabilise the naira

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the

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Market Analysis: Nigeria inflation, Fed minutes and oil in focus 

    Market Analysis: Nigeria inflation, Fed minutes and oil in focus 

Inflationary pressures are gradually easing across the globe but remain rampant in Africa’s largest economy.  Unlike the United States which has witnessed consumer prices coming down from a peak of

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INVESTIGATION (III): In Nigeria, refining oil costs more than human lives

    INVESTIGATION (III): In Nigeria, refining oil costs more than human lives

BY GABRIEL OGUNJOBI For more than 50 years, Nigeria’s economic mainstay has been crude oil but the oil wealth comes at a great cost: the non-renewable energy source rivals citizens’

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INVESTIGATION (II): In Nigeria, refining oil costs more than human lives

    INVESTIGATION (II): In Nigeria, refining oil costs more than human lives

BY GABRIEL OGUNJOBI Idowu Abimbola was leaning on one of the moored boats, knitting new silk to fix a tangled fishing net. The sun had set, and while many fishers

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Ajumogobia: FIRST E&P is focused on increasing Nigeria’s oil production

  Ajumogobia: FIRST E&P is focused on increasing Nigeria’s oil production

Odein Ajumogobia, former minister of state for petroleum resources and chairman of FIRST Exploration and Petroleum Development Company Limited (FIRST

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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

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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

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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

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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

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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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