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crude oil

Petrol subsidy is the surest way for Nigeria to go bankrupt, says Sanusi

As a professional risk manager, I have never seen a policy that is so guaranteed to bankrupt anyone as this (petrol subsidy) policy.

Fuel pump price could rise as int’l crude oil price reaches 3-year high

  Donald Trump’s withdrawal from the Iran Nuclear deal immediately triggered a rapid increase in the price of crude oil...
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NNPC failed to remit $16.8 bn to federation account in 15 years, reveals NEITI audit

Nigeria National Petroleum Corporation (NNPC) failed to remit $16.8 billion from the Nigeria Liquefied Natural Gas (NLNG) to either...

We’re drinking our oil and eating our children’s future

  In 2007, the late President Umaru Musa Yar’Adua was desperate to solve a conundrum that was nearly as old...
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More Countries Shun Crude Imports From Nigeria

Many of Nigeria’s favourite oil export destinations are abandoning the country for the United States which itself used to be the country’s biggest importer of crude blend.

Niger Delta Avengers Blow-Up Another Pipeline In Akwa Ibom

The Niger Delta Avengers has blown up another pipeline belonging to the Nigerian National Petroleum Corporation, NNPC, in Oruk Anam Local Government Area of Akwa Ibom State.
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