crude oil

Nigeria’s abundant natural resources: a blessing or curse?

By: Ishola Hikmah Omowumi For good reason, Nigeria is often described as the "Giant of Africa”. With a population of…

2 years ago

Nigeria may lose $23bn to crude oil theft — Gbajabiamila

The Speaker of the House of Representatives, Hon Femi Gbajabiamila on Tuesday expressed grave concern over the report indicating that…

2 years ago

Crude oil price hits $120 per barrel amid concerns over Russian supplies

Oil rose higher than $120 a barrel on Monday as increasing prices for fuels, such as petrol and diesel, combined…

3 years ago

Hope for Nigeria as crude price climbs above $40 per barrel

A day after the National Assembly passed the revised 2020 budget pegging crude oil benchmark at $28/barrel, crude oil price…

5 years ago

UPDATE: Stakeholder expresses concerns as crude oil price drops to $51.95 per barrel, $5 below 2020 budget benchmark

Stakeholders have expressed concerns for Nigeria as crude oil price drops below the 2020 budget crude benchmark of $57 per…

5 years ago

Oil discovery: Bauchi makes special case on infrastructure to communities

Following the discovery of crude oil in the state, Bauchi State Government has explained that the state government has earmarked…

5 years ago

$42 billion lost to crude oil, products theft in ten years ― NEITI

NIGERIA Extractive Industries Transparency Initiative (NEITI), on Wednesday, urged the government to embrace oil fingerprinting technology, the comprehensive metering infrastructure…

6 years ago

SPDC tracks spills, crude oil theft with HD aerial cameras

Nigeria’s leading energy giant, the Shell Petroleum Development Company of Nigeria Limited (SPDC), has deployed state-of-the-art high definition cameras for…

6 years ago

Flood: Farmers lament, as spilled crude oil destroy farms in Ogbia

AS the flood that ravaged most parts of Bayelsa State continue to recede, farmers in Ogbia Local Government Area are…

6 years ago

Nigeria has no record of crude oil being produced, exported ― Falana

A human rights lawyer and activist, Mr Femi Falana on Tuesday revealed that Nigeria has no record of the crude…

7 years ago

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