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C’River, Ebonyi beg for oil exploration as insecurity hampers search in North

Prof Ayade

Opinion leaders in South East have continued to call on the federal government to start exploration of several discovered oil wells in parts of Anambra and Ebonyi States for the ...

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$24b lost in 6 years to power outages stifling Ghana’s growth—US Amb.

Ghanaian President, Akufo Addo

The United States (US) Ambassador to Ghana, Mr Robert Jackson, has noted that Ghana lost more than $24 billion in economic growth between 2010 and 2016 as a result of ...

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Double edged-sword as rising oil price means GDP growth, fuel price hike, scarcity

NNPC 101

The rising global oil price, according to industry experts means two critical things for Nigeria. One, goodwill as it will jump up real Gross Domestic Product (GDP) growth over the ...

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Lessons from how I nearly bought Chevron Netherlands – Paddy Adenuga

Adenuga P

Touching real life story of business adventure by the Son of the chairman of telecom giant, Globacom and core investor in Conoil, Mr. Paddy Adenuga has gone viral. Hereunder is ...

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FG earns $177.5m daily, 112.5m for FAC, 65m for ECA since oil rose to $71


As Nigeria’s oil production hits 2.5mb/d, it means that crude production now stands 1.8 million barrel per day without condensate, and 2.5million per day with condensate. This was the revelation ...

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Why Senate’s directive to NNPC to end scarcity in few days may not work

Senate chambers

Chances of the Nigerian National Petroleum Corporation (NNPC), to end the lingering scarcity of Premium Motor Spirit (petrol) within seven days in the face of rising crude oil price may ...

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FG selling crude with no allocation for local refineries since Jan 15—KRPC

NNPC 101

Barely few days after President Muhammadu Buhari decried the far below installed capacity productivity of all four national refineries which was against his 2015 electoral promises, indications have emerged that ...

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Coalition of Niger Delta Agitators issues 90-day ultimatum for restructuring


Group of elite Niger Delta militants under the aegis of the Coalition of Niger Delta Agitators (CNDA), has given the Federal Government a 90-day ultimatum to begin the restructuring of ...

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As oil price looks up to $80pb, FG may break silence on new pump price soon


Just as the rising oil price is moving close to $80 on US crude inventory drop Thursday, Nigerian petroleum industry observers have predicted that sooner than later, the federal government ...

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Two issues Total Upstream must address as Egina FPSO arrives LADOL facility

Total Group

Just as excitements grow for the successful arrival of the $16bn Egina Floating Production, Storage and Offloading (FPSO) vessel, industry analysts have started looking at critical challenges that may frustrate ...

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