Business Hilights

Tracking Nigeria's Headline Business News Online

Gongola Basin

Still waiting for report on commercial viability of new found oil

…As FG begins hydrocarbon survey in Bida Basin Whereas Nigerians have continued to wait on the Nigerian National Petroleum Corporation (NNPC) to release the results of its research on the commercial viability of new found oil reserves in Gongola Basin…

Experts doubt if new found northern oil would be in commercial quantity

Whereas the Federal Government continues on the euphoria of finding crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states, industry experts have argued that the major issue is not hitting…

NNPC to restart oil search in Chad Basin, still mute on Gongola Basin results

At a time industry stakeholders have expressed anger on the incommunicado posture of the Nigerian National Petroleum Corporation (NNPC) over the results of its $3bn spent on oil search on Gongola Basin, the Corporation has given signal of resuming endless…