Gov. Babangida Aliyu of Niger state has urged the Central Bank of Nigeria (CBN) to account for the shortfall being experienced in…
Oil and Gas
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Vice President of ExxonMobil Production Company Mr Elijah White has urged Federal Government to ensure that the pending Petroleum Industry Bill (PIB)…
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The U.S. will surpass Russia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next…
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Oil prices could drop by as much as $15 per barrel should countries such as Libya restore production and sanctions on Iran…
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Eni is facing growing problems in Africa as social unrest in the resource-rich continent escalates to threaten production targets on a continent…
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ConocoPhillips said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria. Conoco’s plan…
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The Vice President Namadi Sambo will on behalf of the federal government officially hand over the physical assets of the 14 PHCN…
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OPEC oil output has fallen in September to the lowest in almost two years because of work at Iraq’s main export outlet,…
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Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the federal government said on Sunday…
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The Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the ongoing power…
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The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting…
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The Federal Government has said it has paid a total of N287.352 billion to oil marketers since the beginning of the year…
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The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Federal Government gas revolution agenda was intact. The corporation said that decision…
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The Minister of Power, Prof. Chinedu Nebo, said on Monday in Abuja that the country had lost about 35 per cent of…
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FinanceNewsOil and Gas
Nigeria losses $11 billion to crude oil theft, pipeline vandalism —- NEITI report
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday in Abuja said Nigeria lost over 11 billion dollars to crude oil theft and…