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Thieves Stealing 100,000 Barrels Of Crude Oil In Nigeria Per Day

Oil theft has replaced the activities of militants, costing the nation trillions of naira, according to a report by Bloomberg. The report showed that between 2014...

US, India, Indonesia Turn Away From Nigerian Oil Over Renewed Restiveness

In impact of the renewed bombing of oil installations by militants in the Niger Delta has started affecting international trade as India, US and...

Reuben Abati: Confronting The Curse Of Crude Oil

The monthly federation accounts allocation committee, FAAC, meeting was held the other day in Abuja, with the representatives of state governments again cap in...

EXPOSED: US Organises Clandestine Global Boycott Of Nigerian Crude Oil (DETAILS)

Following Nigeria’s refusal to devalue its currency (the naira), in-line with IMF recommendations, crude oil traders worldwide have begun to shun Nigerian crude oil...

Opinion: Niger Delta’s Crude, A Curse Or A Blessing?

by Numofagha Roland The Niger-Delta region has been characterized by much violence since the discovery of black crude in I956 at Olobiri in present day...

NNPC Yet To Refund $1.48 Billion Into Federation Account – FG

The Federal Government of Nigeria on Tuesday, June 23, 2015 announced that the sum of $1.48bn (N291.56 billion) was yet to be remitted to...

NNPC Cuts Down Price Of Crude Oil Over Fall In Demand

The Nigerian National Petroleum Corporation has cut down the price of crude oil as a result of a decline in the demand of the...

REVEALED: How N2.92 Trillion Excess Crude Account Was Shared In 4 Years – Okonjo Iweala (DETAILS)

The Federal Ministry of Finance, has revealed how the 36 states of the federation shared a total of N2.92 trillion from the Excess Crude...

Crude Oil Decline Threatens 3 Nigerian Deepwater Projects – NNPC

NAN- Dr Joseph Dawha, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has said that the ongoing decline in crude oil price will delay...

Bayelsa Urges Multinational Oil Firms To Open Operational Offices In The State

The Bayelsa state government has fired a note of warning to multinational oil firms over suspected discrimination by the said companies. The warning was conveyed...

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