Business
Oil price rises to $55 as Saudi cut supply
Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States…
News
Oil subsidy fraud: Court jails Ontario Oil MD 10 years, orders refund of N754m to FG
Justice Lateefa Okunnu of the Lagos State High Court in Ikeja on Thursday sentenced the Managing Director of…
Business
OPEC reaches deal to cut output
The OPEC oil cartel reached a deal Wednesday to reduce its output for the first time in eight…
News
Militants blow up pipeline in Delta
An unknown militant group in the Niger Delta region has reportedly blew up the Abura oil pipeline, a…
Business
Oil price may fall to $44, says Kachikwu
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said crude oil price may fall to…
Columnist
Kerosene price hike: We don’t cook any more
It is no news that prices of kerosene have gone up; what may however be news is how…
Business
Nigeria risks losing oil buyers to Iran, S’Arabia
Nigeria, which recently lost its Africa’s top oil producer status to Angola on the back of huge decline…
Business
FG, Oshiomhole, labour leaders in marathon meeting over fuel price hike
The Federal Government-led by the Secretary to the Government of the Federation, Babachir Lawal, alongside Governor of Edo State, Adams…
News
EXCLUSIVE: How Nigeria’s Accountant General deceived VP Osinbajo, governors; ₦324 billion oil money unaccounted for
By Joshua Olufemi At a time Nigeria is facing severe economic crunch, a comprehensive oil report presented to the…
Business
Lagos joins oil-producing states as Aje field begins production
Twenty years after it was discovered, the Aje field located in Oil Mining Lease 113 has achieved its…
