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Obi to Bauchi people: Discovered oil is not for sharing but...

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BAUCHI (Sundiata Post) - The presidential candidate of the Labour Party, Peter Obi, on Thursday took his campaign to Bauchi State, assuring that the...

Buhari approves upward review of oil transporters freight rate

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By EMMANUELLA ANOKAM ABUJA- President Muhammadu Buhari has approved the upward review in freight rate for transporters to alleviate the challenges associated with the distribution of...

As Ukraine pushes oil over $100, Nigerians see mixed blessings

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LAGOS: Weaving in between the Lagos traffic, hawkers selling plantain snacks and water more recently offer drivers another treat: jerry cans filled with petrol...

Why oil majors are selling their assets and leaving Nigeria —...

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nternational oil companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero commitment, the...

Wike tasks traditional rulers on illegal oil bunkering

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Gov. Nyesom Wike of Rivers has charged traditional rulers in the state not to allow illegal oil bunkering and artisanal refinery activities in their...

Ondo govt. inaugurates oil association executives in Ilaje LG

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Ondo State government has inaugurated three newly-constituted oil association executives to pilot the affairs of their oil producing communities in Ilaje Local Government Area...

Buhari: discovery of crude in Northeast will balance oil politics

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President Muhammadu Buhari has said that the discovery of oil in two Northeast states of Bauchi and Gombe will balance the politics of oil...

FG Recognises Kogi As Oil-producing State, To Get Oil Derivation Fund

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Kogi State has been recognised by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) as an oil producing state. RMAFC confirmed this in a letter...

Shell Petroleum Company Bows To Court Order, Agrees To Pay Ogoni...

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Daily Post reports that Justice came the way of the Ogoni people of Rivers state on Wednesday at the Federal High Court in Abuja...

House Of Reps May Summon Buhari Over Alleged Oil Licensing Fraud

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According to a report by Vanguard, the House of Representatives Committee on Petroleum Resources (Upstream), Thursday, threatened to summon President Muhammadu Buhari over circumstances...

Shell’s pipeline spills 213 barrels of crude into Bayelsa community

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The Okordia-Rumekpe 14-inch crude truckline operated by Shell Petroleum Development Company (SPDC) has discharged some 213 barrels of crude oil into Ikarama community in...

Economy: Lawyer urges FG to exploit mineral resources

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Ilorin -An Ilorin based legal practitioner, Mr Mustapha Ahmed, has urged the Federal Government to exploit the abundant mineral resources to boost the...

$1.5bn Port Harcourt Refinery rehabilitation: Between sense, sentiments and sensationalism

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•Mele Kyari, GMD, NNPC By Sadou JattuSince last week when the Federal Executive Council (FEC) approved the sum of $1.5bn for the rehabilitation of the...

Nigeria’s Daily Oil Production Rises To 1.42m Barrels

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Nigeria increased its crude oil production to 1.42 million barrels per day in February, the latest monthly report of the Organisation of the Petroleum...

Petrol hits N212.61 per litre

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The pump price of the Premium Motor Spirit (PMS), according to the Petroleum Products Pricing Regulatory Agency (PPPRA) in its March template, is N212.6...

OPEC’s January Crude Oil Production Rises

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The Organisation of Petroleum Exporting Countries (OPEC’s) crude oil production increased by 160,000 barrels per day (bpd) in January as the non-member countries called...

Nigeria Lost N76bn Worth Of Crude To Pipeline Vandals In 2020

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Nigeria lost at least 3.1 million barrels of crude worth about $200m (about N76.3 billion) in 2020 due to activities of pipeline vandals and...

Nigeria’s Oil Faces Threat As Electric Vehicle Sales Rise

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The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a major threat to Nigeria’s...

Oil Contributes 81% To N2.99trn Q3 Exports – NBS

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Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings, data released by the...

Insurers Losing Oil, Gas Premiums To Foreigners – NAICOM

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The Commissioner for Insurance, Mr Sunday Thomas, has said the essence of the local content law is not being realised in the insurance sector...