N650b debt: Oil marketers threaten to shut fuel depots

N650b debt: Oil marketers threaten to shut fuel depots

• 10,000 workers jobs on the line The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN)  has threatened to shut all its depots in less than 14 day time and throw its workforce nof over 10,000 into the labour market. The oil marketers gave this fresh threat in a letter dispatched to the MinisterRead More The post N650b debt:...
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Oil spillage drops by 27.3% in Niger Delta

Oil spillage drops by 27.3% in Niger Delta

There are indications that oil spillage, occasioned by sabotage and other factors have dropped in the Niger Delta by 27.3 percent. The post Oil spillage drops by 27.3% in Niger Delta appeared first on Vanguard News. ...
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New threat as USA, others set to abandon Nigeria’s oil

New threat as USA, others set to abandon Nigeria’s oil

There are indications that the United States and other nations will soon abandon Nigeria's oil, which may negatively affect the nation's revenue generation. The post New threat as USA, others set to abandon Nigeria’s oil appeared first on Vanguard News. ...
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We’re ready to provide leadership for Africa in oil, gas – Buhari

We’re ready to provide leadership for Africa in oil, gas – Buhari

President Muhammadu Buhari says Nigeria is open to investments and ready to provide leadership for Africa in oil and gas. The post We’re ready to provide leadership for Africa in oil, gas – Buhari appeared first on Vanguard News. ...
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Oyegun: Buhari saved this country from economic doom

Oyegun: Buhari saved this country from economic doom

John Oyegun, national chairman of the All Progressives Congress (APC), says under the administration of President Muhammadu Buhari, the country no longer depends on oil to survive. Oyegun said this The post Oyegun: Buhari saved this country from economic doom ...
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Onshore/Offshore oil dichotomy: Stakeholders must speak up

Onshore/Offshore oil dichotomy: Stakeholders must speak up

It is a known fact that Akwa Ibom State is the highest crude oil producer today and by extension the largest contributor to the petrodollar that sustains Nigeria. This is made possible by the relative peace the state enjoys when viewed against other parts of t...
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I broke oil pipelines to send my children to school, feed them —Father of five 

A  father of five, Akin Akinyele, has confessed that he took to vandalising Nigerian National Petroleum Corporation, NNPC, pipelines in order to feed and send his children to school. The post I broke oil pipelines to send my children to school, feed them —F...
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Oil to hit $80 within six months — Goldman Sachs

Oil to hit $80 within six months — Goldman Sachs

THE oil market has rebalanced as Brent will reach $82.50 a barrel within six months, Goldman Sachs, a leading global investment banking, securities and investment management firm that provides a wide range of financial services said. The post Oil to hit $80 wi...
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Nigeria’s oil, gas sales rose to N1.22trn in 2017

Nigeria’s oil, gas sales rose to N1.22trn in 2017

Nigeria crude and oil gas sales rose sharply to N1.22 trillion in 2017, according to data obtained from the Central Bank of Nigeria, CBN. The post Nigeria’s oil, gas sales rose to N1.22trn in 2017 appeared first on Vanguard News. ...
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Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

With over 36 billion barrels and 192 trillion standard cubic feet of oil and gas respectively, Nigeria stands tall as a leading petroleum giant, with many viable and feasible opportunities in Africa. Investigations by Sweetcrude showed that in the upstream, in...
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