The oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) has called for full “price liberalization” rather than “price modulation” with respect to Premium Motor Spirit (PMS)…
Nigeria’s oil export revenue may fall to $50bn in 2 years – Report
Nigeria’s oil and gas export receipts in 2019 and 2020 may fall to $50 billion cumulatively with a $25 billion fall on year-on-on-year basis if the oil price settles for…
Africa’s Biggest City on Lockdown to Curb Virus in Nigeria
Nigeria will restrict all movement of people and ordered businesses and offices closed in its two main cities, Lagos and Abuja, as well as Ogun state — the three…
Social Distancing Best Practices
Together, we can slow the spread of COVID-19 by making a conscious effort to keep a physical distance between each other. Social distancing is proven to be one of the…
Oil Falls Amid OPEC Market Share Battle, Virus Woes
(Bloomberg) — Oil resumed its slide alongside equities after Saudi Arabia said it would raise its production capacity and the World Health Organization declared the coronavirus a pandemic. Futures declined…
FIRS targeting N4tn tax from oil and gas companies
The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. A statement…
Oil Prices Down On Lingering Coronavirus Concern
Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets. Brent crude was…
Oil prices jump 2% as virus vaccine reports spur hope
New York — Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments…
Successful Africa-UK summit places focus on Africa’s green energy sector
As the first ever UK-Africa Investment Summit closes its doors, it is worth noting that the UK signed a series of 27 agreements with African states during this trial run.…
Oil Steadies After Giving Up Gains from U.S.-Iran Hostilities
Oil steadied after rapidly shedding all of its gains from the clash between the U.S. and Iran, as traders waited to see whether any further hostilities will disrupt exports from…
