Business Hilights

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Niger Delta militants

Fear of uprising over winners in marginal field bid round delaying scheme

Key reason on why there is palpable uncertainty over the timeframe for the country‚Äôs next marginal field bid round, has been unveiled. Findings by Business Hilights showed that the interested top government officials and officials of the Department of Petroleum…

Re-award contracts to reliable companies if you terminate any, Niger Delta youths tell FG

Freedom fighters and some repentant Niger Delta militants have called on the Ministry of Niger Delta Affairs to re-award any contract it terminates on grounds of poor delivery to better contractor and never to attempt total abandonment. Reacting the latest…

Danger as oil production falls to 1.2 million barrels, 1mbpd shot of 2017 budget anchor

If something fast is not done to raise Nigerian oil output to the 2017 budget specification of 2.2 million barrels per day (mbpd), indications are rife that the budget may start early deficit financing. Analysts say when expected revenue target…