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Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Bonny Light price bounces back to $40 as OPEC, GECF meet over oil market

The price of Bonny Light, Nigeria’s Bonny Light, has bounced back to $40 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC and the Gas Exporting Countries Forum, GECF, have ended a successful engagement over the oil market.
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.

Egypt announces new oil discovery at Gulf of Suez

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

Minister: Atiku Abubakar’s position on ‘debt profile’ based on scaremongering

The Federal Government has faulted former Vice President Atiku Abubakar’s comment on the debt profile of the nation saying his comments were based “on scaremongering anchored on a false premise.”
The Northern Governors’ Forum said it is shocked and devastated over the death of former Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru.

Northern governors devastated with former NNPC chief’s demise

The Northern Governors’ Forum said it is shocked and devastated over the death of former Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru.
Nigerian National Petroleum Corporation (NNPC)

PANDEF: South-South, South-West, South-East marginalized in NNPC

Pan-Niger Delta Forum, PANDEF, the mouthpiece of traditional rulers, leaders and stakeholders of the coastal states of Niger Delta, Friday, warned the Nigeria National Petroleum Corporation, NNPC, which has allegedly sidelined South-South, South-West and South-East from its top management positions, to stop insulting the people of the oil/gas-rich region.

Fifty unsold cargoes of Nigeria’s oil await buyers in global market

The global oil market remains dull as 50 unsold cargoes of Nigeria’s Bonny Light await buyers, indicating that the volatile market is still flooded with unsold stocks.
Seplat Petroleum Development Company

Seplat targets more acquisitions as shareholders get $59m dividends

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable growths and returns to shareholders.
Nigerian National Petroleum Corporation (NNPC)

NNPC explains parameters for employment, career progression

The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Senate begins amendment of Nigeria’s local content law to strengthen economy

The Senate has commenced amendment of the Nigerian Oil and Gas Industry Content Development Act 2010, following the consideration of a bill seeking to boost local content and strengthen the nation’s economy.

Minister lauds NNPC, offers land for hospital

As the battle against COVID-19 rages, the Minister of Federal Capital Territory Administration (FCT), Mr Muhammad Musa Bello, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for rallying the oil and gas industry to support the nation to defeat the pestilence.
Nigerian National Petroleum Corporation (NNPC)

NNPC to extend delivery of medical facilities, infrastructure to states not covered

States that have not benefited from medical facilities and infrastructure support from the Nigerian National Petroleum Corporation (NNPC) and her partners in the ongoing intervention initiative have no cause to worry.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigeria expects economy to contract by 3.4 percent in 2020

Nigeria’s economy is projected to contract by 3.4%, government officials said on Tuesday, as dwindling oil revenues and the new coronavirus forced the country to cut budget plans for a second time to assume a lower petroleum price of $20 per barrel.
A worker fills a car's tank at the CO-OP petrol station in Cairo, Egypt April 2, 2020. REUTERS-Mohamed Abd El Ghany

Centre demands framework for fuel subsidy removal

The federal government should provide a detailed framework for its decisions to end fuel subsidy in the country and the planned oil and gas licensing round, civil society groups advocating for the reform of the country’s oil and gas industry have demanded.

Oil industry begins third phase coronavirus intervention in Bayelsa

The oil and gas industry in Nigeria weekend embarked on the third phase of its intervention in the fight against the Covid-19 pandemic, with the takeoff of an infectious diseases centre in Bayelsa to serve the entire Niger Delta region.

NCDMB chief bemoans impact of coronavirus on oil, gas industry trainings

The Nigerian Content Development and Monitoring Board (NCDMB) has advised companies handling trainings in the Nigerian oil and gas industry to reposition themselves.

Workers Day: TUC calls for rebuilding of economy to avoid recession

The Trade Union Congress of Nigeria (TUC) has called on governments at all levels, employers and workers to collaborate in reorganising the economy to avoid a loom­ing recession.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Petroleum explorationists, others call for central bank’s intervention

Following the crash in global oil prices occasioned by the coronavirus pandemic, indigenous Petroleum Explorationists have called for urgent intervention of the Central Bank of Nigeria, CBN, as they would be unable to meet their financial exposure to commercial banks at the current oil prices.
Nigerian President Muhammadu Buhari3

Presidency orders security officials to ensure seamless movement of essential goods

The Presidency has ordered all law enforcement officials in the states to allow the movement of essential goods to be seamless in line with President Muhammadu Buhari’s directive that essential commodities such as food can be transported despite the movement ban.

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Abike Dabiri-Erewa

UAE paid for tickets, test fees for Nigerian evacuees – NIDCOM chief

The United Arab Emirates authorities paid for the flight tickets and coronavirus testing for some Nigerians evacuated from the country on Wednesday, the head of the Nigeria in Diaspora Commission, Abike Dabiri-Erewa, has said .

PDP demands Ibrahim Magu’s prosecution for ‘fraud’

The Peoples Democratic Party has demanded the prosecution of the suspended Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, over alleged fraud.
Veteran Nigerian actor, Zack Orji, says he is saddened by the increasing rate of divorce in the country.

Zack Orji: No marriage is perfect

He said: “I believe that a lot of people go into marriage without being prepared to make the necessary sacrifice, so at the slightest provocation, they are ready to opt out and that is not the way it’s supposed to be. It’s supposed to be a union for life. For better for worse.”

Court declines to stop probe of Senator Okorocha by EFCC, Imo government

The Abuja Division of the Federal High Court, on Wednesday, declined a request by former governor of Imo State, Rochas Okorocha, for an interim injunction to stop the Economic and Financial Crimes Commission, EFCC, and panel of inquiry that was set up by the state government, from further investigating alleged financial infractions he committed while in office.

Nigerian government postpones 2020 WASSCE indefinitely

This was announced by the Minister of Education, Adamu Adamu, while speaking to State House Correspondents the weekly Federal Executive Council presided over by President Muhammadu Buhari on Wednesday.