According to the latest report from Nigeria National Petroleum Corporation (NNPC), no revenue was gotten in Nigeria from crude oil export in the month of October and this occurred despite…
On Wednesday 30th November 2021 Nigeria Labor Congress described government’s plan as a “penny wise-pound foolish” gamble because the Federal Government intend on stopping subsidy payment on Premium Motor Spirit…
Lack of confidence in the global oil sector, as well as diminishing crude oil production in Nigeria has forced industrial unions to seek discussion in order to avoid economic catastrophe.…
Nigerian National Petroleum Corporation (NNPC) has avoided what will have been a desolate Christmas by making the decision to revert to naira-based bills for surplus capacity for coastal transportation utilizing…
A meeting held on the 4th November 2021 by the organization of Petroleum Exporting Countries and it’s allies, announced for the rise in production quota of member by 0.4%, which…
According to report published by Yemisi Izuora of oriental news, In the first eight months of 2021, the Federal Government spent $2.2 billion or N904 billion on borrowing to…
The emerging transformation in Nigeria’s oil and gas sector will dominate discussion at the upcoming African Energy Week (AEW) in Cape Town South Africa, this November. At the African Energy Week…
With the upward trend in global oil prices, investors are building positive sentiments around oil, thereby ensuring that the oil and gas sector on the Nigerian Exchange (NGX) Limited…
OPEC gives condition for Nigeria’s oil production quota increase. As reported in our previous newsletter published on the 1st of October 2021 “Trending Topics in the oil and gas…
An analysis complied by OPEC shows the amount spent on the importation of petroleum products into Nigeria in 2020 is $43.46bn higher than the revenue which the country earned from…