Oil price rose and Nasdaq Composite had its best day in nearly a year on Saturday, boosted by strong corporate earnings, while the euro posted its worst week of 2017 after the European Central Bank decided to prolong its bond buying to keep interest rates low.
The price of a barrel of oil has topped $60 for the first time in more than two years on rising expectations of a renewed deal to cut supplies.
No fewer than seventy five beneficiaries of the Petroleum Technology Development Fund (PTDF) Welders Training and Certification Programme (WTCP) have commenced a six-month post training attachment at the Kaduna and Warri refineries.
Workers in the oil and gas sector on Friday alleged that the huge loss of revenue and investments in the country was due to delay in the passage of the Petroleum Industry Bill (PIB).
A delegation from Ghana’s National Petroleum Authority (NPA) visited the management of Techno Oil Ltd. in Lagos on Friday, to seek collaboration on Liquefied Natural Gas (LPG) and cylinder marketing in Ghana.
The government also approved a Put/Call Option Agreement (PCOA), which NBET and the Ministry of Finance agreed with the project’s investors – the Qua Iboe Power Plant Limited (QIPP).
Mobil Producing Nigeria Limited, operator of NNPC and MPN Joint Venture, on Thursday said it had reached commercial terms with Qua Iboe Power Plant Limited for the transfer of ownership of the Qua Iboe power project.
The National Industrial Court, Abuja, has fixed Oct. 31 to rule on a motion brought by Luck Guards Ltd, praying the court to strike out its name from the suit filed by 257 disengaged workers.
The order also restrains the SEC and any other parties claiming through or working on behalf of the regulator from conducting any forensic audit into the affairs of the Company pending the hearing and determination of the matter.
Dr. Emmanuel Ibe Kachikwu, minister of state for petroleum, says the 650,000 barrels per day capacity refinery being constructed by Aliko Dangote, “should be enough to meet local needs”.
Nigeria’s Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, said on Tuesday that 26 firms have indicated their interest in the revamping of the nation’s three existing refineries.
Nigerian oil company Oando has obtained a court order to lift the suspension of trading in its shares and halt a forensic audit planned by the Securities and Exchange Commission (SEC), court documents seen by Reuters showed on Tuesday.
Kazakhstan has renamed its capital Nur-Sultan, in honour of the country's longtime president who resigned in a surprise move earlier this week.
The Police Command in Anambra has arrested three persons allegedly involved in production and circulation of a viral video where a nude woman was humiliated.
Mrs Iyabo Toluhi (nee Adesanmi), the elder sister of the late Prof. Pius Adesanmi, on Saturday described the death of his brother as a great loss to the family and community.
The Independent National Electoral Commission (INEC) has declared the All Progressives Congress (APC) candidate for Ibeju-Lekki State Constituency I, Mr Fatai Mojeed, winner of the supplementary election in the area.
Anambra South Senator-elect, Mr Ifeanyi Ubah, has pinched tent with a group of elected lawmakers in the incoming 9th Senate led by Sen. Ahmed Lawan.
Gov. Simon Lalong of Plateau says he is not jittery over the March 23 Governorship Election Re-run in the state.
An 18-year-old girl, Hadiyat Sikiru, has been allegedly killed by a stray bullet during a crossfire between suspected cultists/kidnappers and Police officers in Adamo community, Ikorodu area of Lagos.
Ahead of the Unified Tertiary Matriculation Examination, Prof. Ishaq Oloyede, Registrar, Joint Admission and Matriculations Board, said the board has introduced new innovations for the successful conduct of 2019 UTME.
The rescheduled election in parts of Imo State has been characterised by high rate of apathy, late arrival of voting materials, ballot box snatching and other forms of violence.
A chieftain of the All Progressives Congress (APC), Yekini Nabena, has asked the opposition Peoples Democratic Party (PDP) to forget the dream of taking over the governorship seat of Bauchi state, saying the Independent National Electoral Commission (INEC) has question to answer.