Home Tags Crude Oil

Crude Oil

Prepare for economy without oil – Akande tells fed govt

A former Governor of Osun State, Chief Bisi Akande, has urged the Federal Government to explore other sources of revenue, warning that the income from crude oil will further decrease, especially with the United States and other buyers converting to electric-powered vehicles.

Crude oil allocation follows strict process – NNPC

The Nigerian National Petroleum Corporation, NNPC, Sunday, disclosed that its crude oil allocation programme follows strict procedures, processes and standards, while it warned unsuspecting members of the public against the activities of scammers.

We don’t sell crude oil from hotel rooms – NNPC

The Nigerian National Petroleum Corporation (NNPC) has warned unsuspecting buyers that it does not sell crude oil from hotel rooms.

Fraudsters circulating forged crude oil allocation letters – NNPC

The Nigerian National Petroleum Corporation on Tuesday warned oil sector operators about the activities of conmen specialising in circulating forged letters of crude oil allocation with the intent of defrauding unsuspecting buyers or members of the public.

Nigeria raises alarm on fraudsters offering oil deals

The Nigerian National Petroleum Corporation, NNPC, has raised the red flag on the activities of con men who specialise in circulating phantom letters of crude oil allocation with the intent of defrauding unsuspecting would-be buyers or members of the public.

Forex crisis: Manufacturers groan despite central bank’s intervention

Experts are insisting that the intervention of the Central Bank of Nigeria in the foreign exchange market can only be temporary.

NEITI indicts BPE, 15 oil companies for audit non-compliance

Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, indicted four oil and gas companies for failing to comply with its on-going independent audit of the oil and gas industry covering 2015, while 12 others were listed as failing to provide some documents required for the audit.

Nigeria requires N3.05 trillion to increase oil production – minister

The Nigeria’s oil and gas industry would require $10 billion (N3.05 trillion) over the next three years to increase crude oil production from 2.2 million barrels per day (bpd) to 3 million bpd.

Nigeria’s crude production stands at 2.35 million barrels per day – NNPC

The Nigerian National Petroleum Corporation, NNPC, said on Monday the nation’s current crude oil production had risen to 2.35 million barrels per day.

facebook

Recent Posts

Oando Foundation plays pivotal role in Nigeria’s primary education

Education plays a vital role in the development of a society and is a catalyst for other forms of enduring development. In the words of Nelson Mandela, “Education is the most powerful weapon which you can use to change the world”.

Wike blames nation’s crisis on poor governance, nepotism

Rivers State Governor, Nyesom Ezenwo Wike, Thursday declared that the current crisis bedeviling Nigeria is because poor governance, nepotism, marginalization and state-sponsored repression continue to do violence to national unity and cohesion.

NAF destroys more Boko Haram terrorists camps in Borno

The Nigerian Air Force (NAF) said on Thursday that it has destroyed several Boko Haram terrorists camps in Borno state with its just concluded exercise, code named “Operation RUWAN WUTA”.

Ex-Gov. Nyame denies involvement in N1.64bn fraud

Former Taraba governor Jolly Nyame on Thursday told an FCT High Court in Gudu that he was never involved in state transactions during his tenure as governor.

Naira depreciates marginally against dollar

The Naira on Thursday depreciated marginally against the dollar at the parallel market, exchanging at N365.5 to the dollar.

Most Popular

Cross River CJ introduces spies to monitor corrupt judges, magistrates

The Acting Chief Judge of Cross River State, Justice Michael Edem, on Wednesday said he has introduced secret agents to monitor activities of judges, magistrates, and judicial officers in order to tackle corrupt practices in the bench.

Saraki to meet CSOs over Senators’ pay

The President of the Senate, Dr Bukola Saraki, has invited Civil Society Organisations (CSOs) to a round-table over the “contentious” salaries of lawmakers.

Reps have no right to order unfreezing of Patience Jonathan’s account – Sagay

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked banks to ignore the demand by the House of Representatives’ panel to unfreeze accounts of former First Lady, Mrs. Patience Jonathan, in six banks.

Garba Shehu’s incompetence is legendary – Ezekwesili

Oby Ezekwesili, a former minister of education, has hit back at Garba Shehu, presidential spokesman, for accusing her of portraying a one-sided show of integrity.

Cholera has killed 44 in Borno – commissioner

Death toll as a result of cholera outbreak in Borno State has risen to 44, the State Commissioner of Health, Dr. Haruna Mshelia, revealed on Friday.