Category: Oil and Gas

Reps allege cover-up on refineries, summon Sylva, Kyari

The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has...

Oil price rises as OPEC projects steady demand growth

Brent, the global benchmark for crude oil, rose marginally in price on Thursday, as the...

Vandalism, others push oil firms’ bank borrowing to N5.68tn

The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of...

Fuel subsidy puts Nigerian economy at high risk –World Bank

The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk...

External reserves loses $313m as oil price fluctuates

NIGERIA’S external reserves fell by $313m in March, according to figures obtained from the Central...