Category: Business

Develop models for predicting oil industry boom-burst cycle, Baru tells energy economists

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called on members of the Nigerian Association of Energy...

Oil slips to $71, hit by talk of higher OPEC+ production

Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with...

Fear of fuel scarcity grips Kano

There is fear of fuel scarcity in some local government areas of Kano State on Monday, following the reluctance of some marketers to dispense the Premium Motor Spirit...

On the IMF’s policy prescriptions, by Uddin Ifeanyi

Chances are that this time next year, we’d be treading the IMF’s baseline scenario. For, of course, every Nigerian knows that these people from the Fund have...

Fuel scarcity hits Osun

Despite assurances of availability of Premium Motor Spirit by Federal Government, many petrol stations in Osun were not selling the product, the News Agency of Nigeria...

Petrol

No immediate plan to remove fuel subsidy- FG

Federal government on Sunday said there is no immediate plans to remove subsidy on petroleum products. The minister of Finance, Zainab Ahmed who made this known at the...

Exxon

ExxonMobil debunks rumor of its exit from Nigeria

The Honorable Minister of State for BBB Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Saturday 13th of April visited the ERHA FPSO operated by ExxonMobil Nigeria....

Petrol

We have sufficient fuel, Kachikwu assures Nigerians

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Sunday assured Nigerians that there is sufficient Premium Motor Spirit (petrol) in the country....

Elections over, Nigeria set for faster growth, Udoma assures foreign investors

The minister of Budget and National Planning, Senator Udoma Udo Udoma, and his Finance Ministry counterpart, Mrs Zainab Ahmed, at the weekend in Washington DC, assured...

Emefiele woos investors, says Nigeria ready for business

The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a successful election, was ready for...