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Brent near 5-mth low below $105, market braces for Libyan supply

Brent crude inched up on Thursday, but prices held near a five-month low under $105 a barrel as the market braced for a rise...

FG, states, LGs share N467.852bn for July 2017

The three tiers of government have shared a total of N467.852 billion for the month of July as the Federation Account Allocation Committee (FAAC)...

Conoil grows Q1 2017 profit to N3.3bn

Indigenous petroleum marketer, Conoil Plc, has reported a gross profit of N3.318bn for the first quarter of 2017, representing 67.66 per cent earnings rise...

Acting President Osinbajo finally signs 2017 budget into law

Acting President Yemi Osinbajo signed the 2017 budget into law on Monday afternoon, according to Sahara Reporters. The budget, dubbed the “Budget of Economic Recovery...

Indigenous oil firms struggle with N4.9tn bank debts

After becoming key players in the nation’s oil and gas industry in recent years, indigenous firms are now struggling with a debt burden of...

Forte Oil unveils its growth plans for improved operations

According to the Group Executive Director, Finance and Risk Management, Forte Oil Plc, Julius Omodayo-Owotuga, the company is planning to deepen its focus on...

FG opens talks with AfDB on coal-to-power financing

The Federal Government has opened talks with the African Development Bank for the financing of coal-to-power projects across the country, The Punch reports. It was...

Oil prices rise for 8 days in a row, longest since 2012

Crude oil price recovered from early losses Monday to resume the longest stretch of rallies for eight days in a row, the longest in...

Mobil Oil increases profit by 67%

The Chairman/Managing Director of Mobil Oil Nigeria Plc, Adetunji Oyebanji, during Mobil’s yearly generally meeting in Lagos recently, said the company has recorded a...

Only 2 NNPC subsidiary companies are profitable – BudgIT

A recent report by BudgIt, a research and business intelligence firm, has revealed that only two of the 11 subsidiaries of the Nigerian National...

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