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Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

N60 billion mint: Governor Obaseki’s revelation a wakeup call – PDP chair

Dr Anthony Aziegbemi, an Economist and Edo chapter Chairman of the Peoples Democratic Party (PDP), has hailed the courage of Gov. Godwin Obaseki to mention the printing of N60 billion by the federal government to augment revenue allocation.

DPR: We’ve accurate record of crude production

The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC raises oil demand growth on stronger economic recovery

The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.

Uganda, Tanzania, oil firms sign accords to build $3.5 billion pipeline

Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo governor: Nigeria in huge financial trouble

The governor of Edo, Godwin Obaseki, says Nigeria is in huge financial trouble.

Ex-CBN director: Nigeria’s economy can grow up by to 10% annually

Dr Titus Okunrounmu, former Director, Budgeting Department, Central Bank of Nigeria (CBN), says Nigeria’s economy can grow by between seven per cent and 10 per cent annually if the necessary measures are put in place.
Gov. Ben Ayade of Cross River has directed applicants for the 8,000 automatic jobs to enlist through their respective village heads.

Cross River governor partners with NASENI on electricity generation from borehole

Cross River State Governor Ben Ayade has concluded arrangements to partner with the National Agency for Science and Engineering Infrastructure (NASENI) on electricity generation from borehole.

Iraqi protesters block entrance to oil refinery, cause fuel shortage

Dozens of Iraqi protesters blocked the entrance to the Nassiriya oil refinery in southern Iraq for the fifth day in a row, a refinery source and a Reuters witness said.

Zulumnomics, civil service and Nigeria’s economic revival

Nigeria is a country where there is a chasm between the leaders and the led. The distrust of the ordinary Nigerian for political office holders is such that most Nigerians celebrate when their leaders encounter tragic situations. If the governor takes ill in some states, a substantial proportion of the electorate would wish death on their state’s chief executive.
Oil Spillage

Oil spill detected on Shell facilities in Bayelsa

The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital.
Nigerian National Petroleum Corporation (NNPC)

NNPC eyes $8.7 billion investments from rehabilitation of refineries, pipelines

The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country.
Music artiste Oladapo Oyebanjo aka D’Banj has demanded N100m from Miss Seyitan Babatayo who accused him of raping her in a hotel room on December 30, 2018.

D’banj advocates use of intellectual property as collateral for bank loans

One of Nigeria’s popular musicians, Oladapo Oyebanjo, popularly known as D’banj has advocated the use of intellectual property as collateral for obtaining bank loans.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Bonny Light price dips to $62.05 on reopening of Suez Canal

The price of Nigeria’s Bonny Light, Tuesday, dropped to $62.05 per barrel from $64.50 in the international market on the heels of the reopening of the Suez Canal for business.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

President Buhari, Timi Sylva, Sanusi Barkindo tip gas as economic growth driver

President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC+ to reconvene to navigate crude market volatility

The OPEC+ grouping of oil producers will hold its third ministerial summit of the year via videoconference Thursday to discuss output cuts in the face of fresh price volatility.

JTF: 1,291 attempts to sabotage oil export pipelines foiled

The immediate-past Commander of the Joint Task Force (JTF) in the Niger Delta, Rear Admiral Akinjide Akinrinade (rtd.), yesterday said the security outfit foiled 1,291 attacks on three crude export pipelines in the past two years.
Nigerian National Petroleum Corporation (NNPC)

NNPC reduces cash-call debts to IOCs by $3.11 billion

The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of $1.570, according to statistics released by the corporation.
Ijaw Youth Council, IYC,

IYC backs Labour over rejection of planned fuel price hike

The Ijaw Youth Council (IYC) worldwide has thrown its weight behind the move by the Nigeria Labour Congress (NLC) to reject the Federal Government planned removal of petroleum subsidy and increase the price of fuel pump price to N234 per litre.
Nigerian National Petroleum Corporation (NNPC)

NNPC records N2.2 trillion from petrol sales in one year

The Nigerian National Petroleum Corporation (NNPC) on Thursday said it generated a total of N2.197trillion from the sale of petrol between December 2019 to December 2020.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

India turns to Nigeria, others to meet energy needs

Nigeria and other African nations could play a central role in efforts by India to diversify its sources of oil and gas, India’s Oil Minister, Mr. Dharmendra Pradhan, said yesterday, as the nation strives to reduce its energy reliance on the Middle East.

Petrol, diesel most expensive in Kebbi in February

Petrol and diesel sold at the highest rates in Kebbi State in February, the National Bureau of Statistics has said.
As candidates jostle for the Director-General position of the World Trade Organisaion, WTO, Female Parliamentary in Nigeria, Friday, threw weight behind former Minister of Finance, Ngozi Okonjo-Iweala, to occupy the number one position of the organization.

WTO chief warns against Nigeria’s continued reliance on oil & gas

Dr. Ngozi Okonjo-Iweala, Director General of World Trade Organisation (WTO), has warned of Nigeria’s continued reliance on crude oil and gas as the major source of revenue to the government.

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Charles Oliveira knocks out Michael Chandler to win UFC lightweight belt

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A new report by the World Bank has indicated that the execution of major infrastructural projects in Nigeria was being driven by foreign sponsors.

World Bank: Only 22% poorest Nigerian households have electricity access

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The Peoples Democratic Party (PDP) in Enugu on Monday adopted Gov Ifeanyi Ugwuanyi of Enugu State as the new leader in the South East Zone.

Enugu governor leads rescue operation at accident scene

Enugu State Governor, Mr. Ifeanyi Ugwuanyi, yesterday rescued anaccident scene at Ekulu Bridge, Abakpa Nike, Enugu East Local Government Area, where a petroleum products truck lost control and fell into a ditch.
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Nigeria records 41 new coronavirus cases

The new figure raised the total number of infections in the country to 165,702, an update published by the Nigeria Centre for Disease Control (NCDC) Saturday night indicates.
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Executive Secretary of the National Land Development Agency, Paul Ikonne, who said this in Abuja on Monday, said the graduates would go through a two-week intensive training.

NALDA to establish integrated farm estate in Ogun

The National Agricultural Land Development Authority (NALDA) says it has concluded plans to establish an integrated farm estate in Ogun State.
Liverpool are joint-top at the Premier League with Tottenham Hotspur, following their 3-0 win over Leicester City on Sunday.

Premier League to renew £5 billion TV deal

The English top-flight sought and secured government approval in principle to roll over its existing rights agreement with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport.
Nigeria Labour Congress (NLC)

NLC kicks against removal of petrol subsidy

The Nigerian Labour Congress on Thursday insisted that petrol subsidy must not be removed and that it would not shift grounds on this position until Nigeria’s refineries were fixed.
Babajide Olusola Sanwo-Olu (born June 25, 1965) is a Nigerian politician and the current Governor of Lagos State.

Lagos to demolish shanties, takeover abandoned buildings

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday said that the government would continue to demolish shanties across the state.
The National Drug Law Enforcement Agency, (NDLEA) Nnamdi Azikwe International Airport (NAIA), Abuja has intercepted 21.9kg of Cocaine.

Eld-el-fitri: FAAN urges airport users abide by coronavirus protocol

The Federal Airports Authority of Nigeria has advised passengers and airport users to abide by all the laid down COVID-19 protocols while using the airports.