Oil-producing communities under the auspices of Host Communities of Nigeria Producing Oil and Gas, HOSCON, yesterday, said they had had drawn up a template to be presented to the Federal Government, for the management of the 13 per cent Derivation Fund. In an interview with Vanguard in Abuja, National Chairman of HOSCON, Mr. Mike Emuh, […]
Crude oil futures were mixed during mid-morning trade in Asia Tuesday as markets digested bullish reports on Saudi crude exports and bearish reports on China demand data. At 10:35 am Singapore time (0235 GMT), ICE April Brent crude futures were down 40 cents/b (0.60%) from Monday’s settle at $66.10/b, while the NYMEX March light sweet […]
By Foster Obi Excitement radiated on faces of kids at the Children’s Ward of National Orthopaedic Hospital Igbobi Lagos (NOHIL) when staff of leading electricity distribution, Ikeja Electric Plc (IE), visited the hospital to celebrate Valentine’s Day with them. The visit, which was in line with the objectives of the company’s personal and corporate social […]
Shell Nigeria Exploration and Production Company (SNEPCo) is seeking contractors for the development of the $10bn Bonga South West Aparo (BSWA) oil and gas field offshore Nigeria. Regarding this, the company has released the invitation to tender (ITT) for engineering, procurement and construction contracts for the 150,000bbl/d BSWA project in the Gulf of Guinea. The […]
A new militant group calling itself the Niger Delta Avengers has claimed on Twitter that it attacked a gas and crude oil pipeline belonging to state oil firm NNPC despite the presence of government troops guiding the facilities. “At 11:45pm on Thursday @NDAvengers blew up other #NNPC Gas and Crude trunkline close to Warri,” Niger […]
A delay in Nigeria’s presidential elections set off the biggest decline in the country’s stock market in six months on Monday and also put pressure on its bonds and currency. Nigeria’s electoral commission postponed the vote hours before polls were due to open on Saturday, citing the logistical complexities of holding an election in a […]
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December, 2818 rose 20.9 percent to stand at N2.32 trillion. According to the CBN report, the development relative to the preceding quarter reflected mainly 19.4 per cent and 7.5 per […]
Qatar already hosts several sports tournaments. Now it wants to attract more sports companies to the country. Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday. Qatar Financial Center (QFC) – which licenses […]
For the first time in 2019, the price of crude oil has surged from $64.00 recorded last week to $66.35 over the weekend as a result of Organisation of Petroleum Exporting Countries, OPEC efforts targeted at eliminating excess oil from the volatile market, thus leading to an increase in the nation’s excess oil revenue. The […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to reduce petroleum pump price from N145 per litre to N140. This was announced in a statement signed by the National President of the association, Chinedu Okworonkwo, and made available to the News Agency of Nigeria (NAN) in Kano on Sunday. The […]