Oil & Gas

JUST IN: Bonny Light price surges to $67.25 per barrel By Eyo Nsima The price of Nigeria’s Bonny Light has risen slightly to $67.25 in the global market despite the resurgence of the Coronavirus pandemic in different parts of the world. The price of the crude had dropped to $64 last week as concerns mounted

Petroleum Industry Act, beginning of new era in Nigeria —PPPRA By Eyo Nsima The Petroleum Products Pricing and Regulatory Agency, has described the passage of the nation’s Petroleum Industry Bill, PIB, as the beginning of a new era in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, Executive Secretary, PPPRA, Abdulkadir Saidu, stated: “The PPPRA

By Eyo Nsima The prices of crude oil, Friday, dropped further to $64.05 in the global market, ‘after the U.S. dollar strengthened on concern that the global economic recovery might slow’. With increased vaccination across the world, economic recovery was expected to be rapid in the coming months. But with the speculated slow recovery, prices

The Nigeria National Petroleum Corporation (NNPC), has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host community restiveness. The Appeal Court sitting in Abuja on Monday upturned the August 23, 2019