35.1 C
Abuja
35.1 C
Abuja

Oil and Gas

Transport, logistics costs forcing us to sell petrol above N165/l, marketers say

FUEL marketers have declared they can no longer sell petrol at N165 per litre because of what they called the upsurge in transport and...

Shell suspends sale of Nigerian oil assets

SHELL has suspended its decision to divest its Nigerian onshore oil assets, choosing instead to comply with the outcome of a Supreme Court ruling...

Lagos BRT prices increase by N100, effective July 13

FARES of the Bus Rapid Transit (BRT) buses in Lagos will be going up by N100 on all routes due to what the state...
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Buhari tells IMF, World Bank why he ignored fuel subsidy removal advice

PRESIDENT Muhammadu Buhari has explaind to the International Monetary Fund (IMF) and the World Bank why he ignored their advice on fuel subsidy removal. Buhari,...

Lagos residents groan, as fuel scarcity bites harder

The ICIR reporter thought he was headed, this morning, for a smooth ride in the commercial tricycle, called keke Marwa in the local parlance,...

Malabu oil deal: How JP Morgan won $1.7 billion case against Nigeria

JP MORGAN Chase has won a $1.7 billion London High Court battle against Nigeria over its role in a disputed 2011 oilfield deals involving...
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How Nigeria’s failure to harvest benefits of over $100 oil price rise hurts the economy

NIGERIA risks losing outright gains from rising oil price of above $100 dollars per barrel since it has failed to embrace reforms that could...

Imo bunkering explosion: Buhari orders security agencies to clampdown on illegal refineries

PRESIDENT Muhammadu Buhari has ordered Nigerian security agencies to intensify the clampdown on operators of illegal refineries in Nigeria. The president gave the directive on...

Cooking gas price rises by 83.62% in one year – NBS

A report by the National Bureau of Statistics (NBS) shows that the average price of liquefied petroleum gas (LPG), otherwise known as cooking gas,...
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Here are ways redesigning the naira notes will affect you

THE Central Bank of Nigeria's (CBN) redesigning of select...