Oil & Gas

Axxela Limited, a company with dual-listing of debt securities on the Nigerian Stock Exchange (NSE) and the FMDQ markets has attracted favourable national scale issuer ratings of BBB+(NG) and A2(NG) in the long term and short term by Global Credit Ratings, GCR. The GCR report obtained by The Daily, https://thedaily-ng.com, stated: “Axxela’s ratings reflect its

By Eyo Nsima There were fears of a possible new price of petrol emerging soon as the landing cost of the product rose from N151 to N180 per litre because high crude oil prices. The consistent rise of crude oil prices from about $58 to more than $63 per barrel has compelled operators to incur

The price of Nigeria’s Bonny Light has risen further to $62.51 in the international market as the Organisation of Petroleum Exporting Countries, OPEC, and partners, continue in their oil cut deal. The rise in price means that Nigeria, currently over-depending on crude oil production and export will be in a better position to fund its

Executive Secretary NCDMB tasks IOCs on new projects   The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has charged International Operating Oil and Gas Companies to emulate Total Exploration and Production Company (Total E&P) in sponsoring new projects and stop being deterred by the delayed passage of the Petroleum