Oil Archives - AM Business

Massive explosion hits Trans-Niger pipeline in Rivers

A powerful explosion has struck a section of the Trans Niger Pipeline in Bodo Community, Gokana Local Government Area of Rivers State. The blast occurred late Monday night near the Bodo-Bonny Road, which is currently under construction. Thick black smoke and flames rapidly spread into the surrounding mangrove forest, as seen in videos circulating on […]

aomenyepdnlimited-com
18th March 2025
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Navy destroys oil-filled boat, three illegal refining sites in Bayelsa

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Navy destroys three illicit oil refinery facilities in Rivers, Bayelsa

As part of Operation Delta Sanity, Nigerian Navy troops have destroyed three illicit oil refining facilities located in the states of Rivers and Bayelsa. The Punch stated that, the Navy reported that on February 11, its ship, Soroh, found and shut down one of the refining facilities at Eduwuini 11 in Bayelsa State. The location […]

bfatoyepdnlimited-com
12th February 2024
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Manufacturing sector's GDP contribution falls to N1.49trn

Economy

Why foreigners dominate Nigeria’s oil industry – FG

The Federal Government of Nigeria expressed concern at the 2023 Nigerian Oil and Gas Opportunity Fair, lamenting the fact that despite efforts to enhance the degree of indigenous firm engagement in Nigeria’s oil and gas industry, the sector is still mostly controlled by foreign organizations. According to Arise News, despite all of the government’s efforts, […]

bfatoyepdnlimited-com
22nd May 2023
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Oil Theft: Nigeria loses $150m every two days

Business

US oil prices drop amidst banking crises

Prices of oil in the United States declined on Tuesday due to the persistent banking crisis causing the oil market’s confidence to remain low. Reuters reported that Brent crude futures for May, 2023 delivery fell 1% or 71 cents to $73.08 per barrel, while U.S. West Texas Intermediate crude futures dropped 1.1% or 74 cents […]

oojopdnlimited-com
21st March 2023
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13 Views

BUA cement announces revised date for ₦2.05 dividend

Lagos partners BOI, Sterling Bank to boost MSMEs

Disney beats Q2 expectations with strong Disney+ subscriber

Investors flee to Europe, Japan amid trade war

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