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Russian Prime Minister Dmitry Medvedev

Russia bans oil exports to Ukraine

Russian Prime Minister, Dmitry Medvedev, on Thursday said Russia has banned exports of oil and petroleum products to Ukraine, as well as certain Ukrainian imports.

Oil prices slip to $71.43 per barrel

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing Organisation of Petroleum Exporting Countries (OPEC)-led supply cuts.

Oil prices climb to five-month high amid OPEC cuts, US sanctions, Libya fighting

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.

Solid minerals as revenue earner?

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.

NCDMB: Shell leads IOCs in local content

The Nigerian Content Development and Monitoring Board (NCDMB) on Sunday recognized Shell as the most impactful International Oil Corporation (IOC) on Local Content Initiatives in the Nigerian Oil and Gas industry.

Shell signs $200 million with UBA to help local contractors access project finance

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.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil hovers below 2019 highs amid OPEC supply cuts, US sanctions

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.

Federal government to woo investors to oil, gas sector at CERAWeek

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 slide as economic outlook darkens, US supply surges

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.

EITI ranks Nigeria, Norway highest in extractive sector transparency

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

ATM records N39.15trn transactions in Q4 2018

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018.
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.

Pakistan to honour Saudi crown prince with highest civilian award

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.
L-R Toby Shapshak, Keynote Speaker; Funke Opeke, CEO, MainOne; and Libby Barr, Chief Operating Officer, Avanti Communications at Nerds Unite 2019, MainOne’s annual IT event at Oriental recently

Avanti partners MainOne to improve broadband penetration in Nigeria

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.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Atiku Abubakar: Nigeria’s pro-business presidential hopeful

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 soar as Saudi Arabia cuts US supply

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.

Lai Mohammed: No shortcut to wealth, success

The Minister of Information and Culture, Alhaji Lai Mohammed, has admonished Nigerian youths to be focussed and assiduous and shun any kind of shortcut to wealth and success.

China’s industrial slowdown hits oil and gas trade

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 slip as U.S. crude output nears 12 million bpd

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.

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NSITF Board: Ministry accuses labour of disrupting inauguration

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Senator Akpabio: I have no regret joining APC

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Chelsea progressed to the semi-finals of the Europa League after defeating Slavia Prague 4-3 at Stamford Bridge, resulting in a 5-3 aggregate victory.

Chelsea reach Europa semis despite alarming second half

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.

Federal government has 58 roads, bridges ongoing projects in Southeast – minister

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.