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Oil prices rose to their highest level since November 2018 on Monday, driven upwards by the Organisation of Petroleum Exporting Countries’ (OPEC) ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.
For so many years, following the lead of the resources that came into the national treasury from oil and gas, the mining of solid minerals has been touted as the next big source of revenue. The memories of solid minerals exploitation, including tin and coal, before the discovery of oil provided some nostalgia about bringing back old revenue sources to life.
Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance.
Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, will on Wednesday address foreign investors at the CERAWeek, an international energy conference taking place in Houston, United States.
Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned overnight of continued weakness and fresh data showed Chinese exports and imports slumped last month.
The board of the global Extractive Industries Transparency Initiative (EITI) Wednesday said Nigeria and Norway have achieved the highest level of transparency marks against the EITI standard in pushing for
Saudi Crown Prince Mohammed bin Salman will be conferred with Pakistan's highest civilian honour a day after signing $20bn in investment deals with the South Asian country.
Under this arrangement, MainOne will leverage Avanti’s newest satellite, HYLAS 4, launched in April 2018 to enable highly flexible capacity services with 100% country coverage of Nigeria.
Nigerian presidential hopeful Atiku Abubakar's January trip to Washington had a simple goal: end claims that he couldn't go to the United States without being arrested.
Oil prices rose for a third day on Thursday pushed up by lower imports into the United States amid OPEC efforts to tighten the market as well as Venezuela struggles to keep up its crude exports after Washington imposed sanctions on the nation.
China’s thirst for oil and gas is set to wane this year, though in 2018 it posted a record intake for both crude oil and liquefied natural gas (LNG), cementing its status as the world’s largest oil and second-largest LNG importer.
Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge.
Kalidou Koulibaly has reiterated his desire to remain with Serie A side Napoli beyond the end of the 2018-19 season amid reported interests from several European heavyweights.
The Ministry of Labour and Employment has accused the Nigeria Labour Congress (NLC) of disrupting the inauguration of the new board of the Nigeria Social Insurance Trust Fund (NSITF).
Former Senate Minority leader, Godswill Obot Akpabio, has denied allegations that he called the All Progressives Congress (APC) evil and was considering returning to the Peoples Democratic Party (PDP).
Chelsea beat Slavia Prague 4-3 in a thrilling encounter to book their place in the Europa League semi-finals despite an alarmingly complacent second-half performance at Stamford Bridge on Thursday.
The Federal Government has 58 ongoing road and bridge projects in the South East, Minister of State for Power, Works and Housing, Alhaji Mustapha Shehuri, has said.
An Upper Area Court I sitting in Kasuwan Nama, Jos, on Tuesday sentenced a student, Hamisu Abubakar, to two years in prison for stealing a wireless microphone from a Mountain of Fire and Miracles Church.
The births of nearly 230 million children under the age of five worldwide have never been officially recorded, says UNICEF. The Agency said only 30 per cent of births of Nigerian children below five had so far been registered.
Osun State citizens travelling home for Easter celebration will have the opportunity of free train transportation from Lagos to Osogbo, the state capital.
The Rotary International yesterday donated $5.7 million to aid the fight against polio in Nigeria. The donation was handed over to UNICEF Country Representative in Nigeria, Dr. Pernille Ironside.
The European Union’s bid to overhaul its two-decade-old copyright rules cleared its final hurdle on Monday as EU governments backed the move forcing Google to pay publishers for news snippets and Facebook to filter out protected content.