Tag: Oil Price

Deregulation: PPPRA assures Nigerians of better days ahead

Abdul Jimoh- September 8, 2020

The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best interest of the ... Read More

Low Oil Prices: Expert Wants Government to Focus on Fiscal Policies to Strengthen Economy

Henry Solomon- April 22, 2020

Bank-Anthony Okoroafor, former President, Petroleum Technology Association of Nigeria (PETAN), on Wednesday said government must focus on fiscal policies to survive the impact of the ... Read More

Oil price rise muted in 2019 despite sanctions, supply cuts, Saudi attack

Abdul Jimoh- December 30, 2019

Oil prices rose more than 20 per cent this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite ... Read More

Oil prices at 4-year high after OPEC rebuffs Trump

Arowobusoye Samuel- September 24, 2018

Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production. ... Read More

President Buhari to Sign 2018 Budget Today

Henry Solomon- June 20, 2018

President Mohammadu Buhari President Muhammadu Buhari will today Wednesday, June 20, 2018, at noon (12 pm) sign the 2018 Appropriation Bill into law. The Federal ... Read More

Supply Cuts,Strong Demand, Draws Oil Price Closer to Late-2014 Highs

Henry Solomon- April 20, 2018

Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw ... Read More

NNPC Cuts Nigeria’s Oil Production Cost Down To 70.5%

Henry Solomon- August 16, 2017

The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to ... Read More

OPEC to legalise oil cut with non-OPEC – Barkindo

editor- June 4, 2017

NAN; Following the success of the second joint Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC meetings, the two organisation are presently looking into legalising ... Read More

Crude Oil hits 2016 high on Niger Delta Avengers attacks, U.S. Stockpile Decline

Arowobusoye Samuel- June 7, 2016

Crude Oil prices continued climb on Tuesday, hitting eight-month highs, largely due to supply shortages from continued attacks on Nigeria's oil industry by a group ... Read More

Army Avert Attacks On Oil Pipelines In Bayelsa

Henry Solomon- May 29, 2016

The Nigerian Army says its troops on Sunday averted attacks on oil pipelines located at Gulobokri and Eweleso communities in Brass Local Government Area of ... Read More

The New Price Regime Will Create Additional 200,000 Jobs – Federal Government

Henry Solomon- May 14, 2016

The Federal Government says that the new price regime for the downstream petroleum sector is comprehensively designed to tackle the hardship faced by Nigerians and ... Read More

Federal Government To Pay Petrol Subsidy

Henry Solomon- May 3, 2016

The Federal Government on Monday said it was currently subsidizing Premium Motor Spirit (PMS) otherwise known as petrol at N12.62 per litre. It said that ... Read More

Oil Hits All Time High In 2016

Henry Solomon- April 27, 2016

Oil hit its highest level on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its ... Read More

PTDF To Review Its Programmes In Line With Present Realities

Henry Solomon- April 17, 2016

The Petroleum Technology Development Fund (PTDF) says it will review its programme in line with the views of the present administration. This is was disclosed ... Read More

‘How Buhari’s Financial Discipline Save States’ Amidst Fall In Oil Price: – Shettima

Tanimu- March 28, 2016

With the fall in price of crude oil to below forty dollars per barrel which has threatened Nigeria’s main source of revenue, Government in the ... Read More

Budget Padding Scam: President Buhari Says, Culprits Will Not Go Unpunished

Henry Solomon- February 25, 2016

President Muhammadu Buhari (Photo: Internet) President Muhammadu Buhari has assured Nigerians that all those found wanting in the 2016 budget padding scam will not go ... Read More

Nigeria And Angola To Cooperate On Boosting Oil Price

Tanimu- December 5, 2015

President Muhammadu Buhari Nigeria and Angola on Saturday agreed to cooperate and also reach out to other oil producing countries in an effort to shore ... Read More