May 5, 2026
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Author name: Alison Godswill

NIGERIA: Oil exploration drops by 150% as stakeholders call for passage of PIB

Leave a Comment / Oil & Gas /

NIGERIA: Oil exploration drops by 150% as stakeholders call for passage of PIB   Oil exploration has dropped by 150 percent in Nigeria in the past year, thus causing stakeholders to make case for immediate passage of the Petroleum Industry Bill, PIB into law. In its latest report obtained by The Daily, http://www.thedaily-ng.com, the Organisation of […]

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DPR generates N2.24trn in 8 months, targets N5trn in December

Nigeria to upgrade oil downstream sector — DPR

Leave a Comment / The Nation, Oil & Gas /

The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to a global standard. The downstream has the capacity to improve revenue from the oil and gas sector, increase contribution to Gross Domestic Product (GDP), and create massive employment, but has been bedeviled

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CRYPTOCURRENCY: We have sole right to regulate trading in Nigeria — SEC

Leave a Comment / Business, The Nation /

CRYPTOCURRENCY: We have sole right to regulate trading in Nigeria — SEC   As the controversy over the use of cryptocurrency continues to linger, the  Securities and Exchange Commission, SEC has disclosed that it has the responsibility to regulate trading on all digital assets, including the currency in Nigeria.   The Central Bank of Nigeria (CBN) Circular of February 5, 2021, had previously

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OIL MARKET: Recent tension in the Middle East posses uncertainty in the market — IEA

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OIL MARKET: Recent tension in the Middle East posses uncertainty in the market — IEA   The recent tension in the Middle East has once again added a layer of uncertainty to the oil market outlook, according to the International Energy Agency, IEA. In its latest Oil Marker report, obtained by The Daily, www.thedaily-ng.com, the IEA, stated: “The

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BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel

OIL MARKET: Bonny Light price hits $60.52 per barrel

Leave a Comment / INTERNATIONAL, Oil & Gas /

By Alison Godswill The price of Nigeria’s Bonny Light has risen to $60.52 per barrel, apparently the highest in 2021, as the Organisation of Petroleum Exporting Countries, OPEC continues to pursue its oil cut deal. The prices of other crudes, including Brent, OPEC Basket, and the Urals also rose from over $50 to $61.14, $60.28,

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GAS EXPLOSION: DPR introduces new guidelines to guide operations of downstream gas facilities

OIL SUPPLY: Non-OPEC supply growth in 2021 has been revised down by about 0.2 mb/d — Report

Leave a Comment / INTERNATIONAL, Oil & Gas /

The Organisation of Petroleum Exporting Countries, OPEC, has revised non-OPEC supply growth in 2021 down by about 0.2 million barrels per day, mb/d, indicating an increase of 0.7 mb/d, to average 63.3 mb/d. In its February 2021 report obtained by The Daily, www.thedaily-ng.com, OPEC stated: “The forecast for non-OPEC supply growth in 2021 has been

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