Oil & Gas

Nigeria ready for oil price shocks, says Okonjo-Iweala

Nigeria is prepared to overcome possible oil price shocks, in the management of its economy.

NUPENG shelves nationwide strike on bad roads

Nigeria's National Union of Petroleum and Natural Gas Workers (NUPENG) said on Friday that there…

Oil prices extend losses in Asia

Oil prices sank Friday to more than two-year lows as weak economic data from Germany…

Venezuela fined $1.6bn over ExxonMobil assets

A World Bank arbitration panel Thursday ruled that the Venezuelan government must pay ExxonMobil $1.

Oil prices tumble in Europe, Nigerian grade falls below $90

Oil prices tumbled Thursday in Europe as fresh evidence of economic weakness in the eurozone,…

EFCC denies Gas project bribery allegation

The Economic and Financial Crimes Commission, (EFCC) on Wednesday denied involvement of its officials in…

48 million internet users in Nigeria

Nigeria’s active internet users currently stands at over 48 million, Dr Peter Jack, the Director-General…

Chad to double oil output 2015

Chad expects to double oil production by the end of 2015 as new fields come…

Oil prices weakening in Asia trade

Oil prices fell in Asian trade Tuesday, but analysts said they were being supported by…

IPMAN acquires land for 2 refineries in Kogi, Bayelsa

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday announced its commitment to provide…