By Eyo Nsima For the first time in 2022, the price of Nigeria’s Bonny Light has risen to $90.17 per barrel, from $87 per barrel, recorded early this week in the international oil market. .Details coming later
BREAKING: Bonny Light price hits $90 per barrel Read More »
OPEC daily basket price stood at $88.55 a barrel Thursday, 20 January 2022, compared with $88.50 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
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OPEC daily basket price stood at $88.50 a barrel Wednesday, 19 January 2022, compared with $88.08 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
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Masdar, one of the world’s leading renewable energy companies, welcomes today TotalEnergies and its expertise in the energy sector, to a Masdar-led initiative focused on green hydrogen to produce sustainable aviation fuel (SAF). Masdar, Siemens Energy and TotalEnergies today signed a collaboration agreement on the sidelines of Abu Dhabi Sustainability Week (ADSW) 2022, to act
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Navy on Wednesday agreed to collaborate closely to enforce the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in maritime operations by curbing the use of non–compliant and non–categorized vessels and intercepting illegal vessels and non–compliant crew members on oil and gas locations.
NCDMB, Navy to collaborate on vessel compliance, security Read More »
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to desist from borrowing expensive loans that would make Nigeria a debt-laden nation, advising that loans borrowed must be commensurate with the country’s capacity to repay in the long run. The president, LCCI, Dr Michael Olawale-Cole, said that the caution is important
LCCI calls for caution, kicks against FG’s fiscal spending Read More »
Crude prices could rise further amid tighter supplies, Vitol, the world largest independent oil trader, has said. “These prices are justified,” Mike Muller, head of Asia for Vitol Group, told Bloomberg in an interview. “Strong backwardation is very much justified,” he said, referring to a bullish pattern whereby near-term futures are more expensive than later
Oil prices could rise amid tighter supply, says Vitol Read More »
The Edo State Governor, Mr. Godwin Obaseki has said the state government is determined to exploit its mining, oil and gas assets to boost economic growth. The governor, who said this at the management leadership strategy retreat for members of the Edo State Executive Council, in Lagos, stated that there was the need for a
Edo focus on exploiting mining, oil, gas resources – Obaseki Read More »
AGAINST the backdrop of the planned labour cum civil society protest over the alleged planned removal of petroleum subsidy, President of the Senate, Dr Ahmad Lawan, yesterday categorically declared that President Muhammadu Buhari has not directed anyone in his administration to implement the removal of petroleum subsidy. Recall that the organized labour through the leadership
Buhari hasn’t directed petroleum subsidy removal — Senate President Read More »
By Eyo Nsima The Centre for the promotion of Private Enterprise, CPPE, has stated that the eight months steady deceleration in headline inflation was brought to a halt with the marginal spike in the December 2021 headline inflation from 15.4% in November 2021 to 15.63% in December 2021. The Economist/CEO, CPPE, Dr. Muda Yusuf, stated
