Oil & Gas

Nigeria’s Bonny Light price hits $65.01 per day — OPEC By Eyo Nsima   The price of Nigeria’s Bonny Light has risen further to $65.01 per barrel, according to the Organisation of Petroleum Exporting Countries, OPEC, Monthly Oil Market Report, MOMR, April 13, 2021. Before the report, the price of the crude had hovered at $61.50 per

NCDMB to partner Amnesty office on Capacity Development The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has pledged the readiness for the Board to partner with the Presidential Amnesty Office in the area of human capacity development for the ex-agitators. He made this known when the interim Sole Administrator of

How Petrol price rises to N172/lit in March 2021 By OUR CORRESPONDENT The price of petrol rose by 4.0 percent to N172 in March from  N166 in February, according to the National Bureau of statistics, NCS. In its latest report obtained by The Daily, https://thedaily-ng.com, NBS, stated: “Average price paid by consumers for petrol increased by

DPR denies revoking 32 Refinery Licences The Department of Petroleum Resources, DPR, has denied revoking the licences for the construction of 32 refineries in Nigeria. In a statement obtained by The Daily, http://www.thedaily-ng.com, the agency, stated; “Our attention has been drawn to a report in some publications stating that DPR has revoked 32 refinery licences issued to

Nigeria’s Oil exploration drops by 55.34 % in Q1 ‘21   .Rig count dips to 19 By Alison Godswill There are indications that oil exploration dropped by 55.34 percent in the first quarter, January – March 2021 as Nigeria’s rig count dips to 19, according to data collated from recent reports of the Organisation of