Amid global fall in crude oil price, Nigeria recorded crude oil and gas export sales of $434.85 million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures.
US oil prices dived to 22-year lows at just $11 Monday after crashing almost 40 percent in a market flooded with crude and slammed by evaporating demand in the face of the coronavirus pandemic.
The Presidential Economic Advisory Council (PEAC), has on Tuesday urged president Muhammadu Buhari to prepare for another round of looming economic recession as a result of the raging coronavirus pandemic currently sweeping across the globe.
The federal government has started consultations over the possibility of reducing prices of petroleum products following slump in price of crude oil at international markets as coronavirus pandemic continues to wreak havoc.
Mr Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to prepare for more tough time in few months following the crash in the prices of crude oil due to outbreak of coronavirus.
Oil prices climbed up with about three percent on Thursday amid escalating tensions in the Middle East as US alleged that its military drone was shot down by an Iranian missile.
The Executive Secretary of Petroleum Equalisation Fund (PEF), Ahmed Bobbo has disclosed that some vital and strategic projects geared toward upgrading Federal Medical Center,...
Twin explosions have unsettled the People’s Democratic Party (PDP) secretariat in Port Harcourt, Rivers State.
The explosion, which occurred at about 3pm Thursday during the...
The House of Representatives Committee on Public Accounts has summoned the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, to...