Iran displaces Nigeria as India’s third largest supplier of crude

Iran displaces Nigeria as India’s third largest supplier of crude

Iran has displaced Nigeria as India’s third largest supplier of crude oil after India, the world’s third-largest oil importer, shifted its focus to the Middle East and the United States The post Iran displaces Nigeria as India’s third largest supplier...
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13 countries ‘have not purchased’ Nigeria’s crude since 2016

13 countries ‘have not purchased’ Nigeria’s crude since 2016

Thirteen countries have not purchased Nigeria’s crude since 2016, according to information made available by the Nigerian National Petroleum Corporation (NNPC). According to the latest Crude Oil by Destination report of The post 13 countries ‘have...
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Deepening debate on oil exploration in the north

Deepening debate on oil exploration in the north

Like a planned incident, last week, three stories were coincidentally published by different newspapers on this subject; one by this author, deepening the debate on the viability of the renewed The post Deepening debate on oil exploration in the north...
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Crude oil prices hit two-year high

Crude oil prices yesterday hit the highest in two years as Organisation of the Petroleum Exporting Countries (OPEC) experienced highest-ever conformity with voluntary production adjustment. ...
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ICYMI: We’ve discovered 800,000 companies that have never paid taxes, says Adeosun

ICYMI: We’ve discovered 800,000 companies that have never paid taxes, says Adeosun

Kemi Adeosun, minister of finance, says the ministry has discovered 800,000 companies that have never paid tax. She said the ministry is compiling a database that combines data from the various The post ICYMI: We’ve discovered 800,000 companies that hav...
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Oil prices maintain upward trend, hit $62

Oil prices maintain upward trend, hit $62

Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high The post Oil prices maintain upward trend, hit $62 appeare...
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Nigeria’s crude oil production dips by 70, 000 bpd

Nigerian crude oil output slipped by 70,000 bpd, last month, as exports of Bonny Light crude were under force majeure for part of the month, even as traders said loadings of some other grades, including Qua Iboe and Forcados, also faced delays. The post Nigeri...
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Oil price inches towards $70 amid supply cuts

Oil price inches towards $70 amid supply cuts

Oil prices are closing in on the $70 mark with Brent crude peaking at $60.80 down from 60.91 dollars per barrel on Tuesday. According to the report, “benchmark Brent LCOc1 The post Oil price inches towards $70 amid supply cuts...
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Breaking: FG to commence crude oil tracking by 2019

Breaking: FG to commence crude oil tracking by 2019

The Federal Government, Moday, stated that from 2019, the country would begin tracking Nigeria’s crude oil and would be able to account for every drop of the commodity produced in the country. The post Breaking: FG to commence crude oil tracking by 2019 appe...
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How FG plans to fund N3.52trn deficit in 2018 budget

How FG plans to fund N3.52trn deficit in 2018 budget

The federal government plans to finance the N3.52 trillion deficit in the 2018 budget with revenue from crude oil sales and non-oil sources. According to the medium term expenditure framework The post How FG plans to fund N3.52trn deficit in...
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