Conoil sets new high on impressive earnings

Conoil Plc recorded the highest gain at the stock market yesterday as increased demand for the equities of the downstream oil company pushed its...

Presidency gets new revenue formula December – RMAFC

The Presidency will get a document on the new revenue formula for the nation by December, the Revenue Mobilisation, Allocation and Fiscal Commission has...

National Assembly increases oil benchmark to $76.5pb

A report by the Joint Committees of the National Assembly on Finance and Appropriation which was submitted on the floor of the Senate Thursday...

Lekoil provides update on proposed acquisition of interest in OML113, offshore Nigeria

AIM-listed Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces that, further to the announcement...

New power companies will be listed – NSE

The Nigerian Stock Exchange (NSE) has said it was taking proactive steps towards ensuring that the companies that emerge from the power sector privatisation...

Envoy seeks increased Russian patronage of Nigeria’s crude

The Nigerian Ambassador to Russia, Hassan Elkanem Hassan, is canvassing for increased Russian patronage of Nigerian Brent crude oil while calling for a deeper...

Zenith Bank promises more investments in power sector

The Group Managing Director, Zenith Bank Plc, Mr. Godwin Emefiele, has expressed confidence in the private investors behind the newly privatised assets of the...

Nigeria’s sovereign wealth fund ranked 44th on transparency index

Nigeria’s sovereign wealth fund has been ranked number 44 on the global Sovereign Wealth Transparency rating for the third quarter of 2013. Known as the...

Okonjo-Iweala: Excess crude account is intact

Contrary to some recent media reports that $1.03 billion is missing from the Excess Crude Account (ECA), the Coordinating Minister for the Economy (CME)...

OPEC daily basket price stood at $103.83 a barrel Tuesday, 5 November 2013

The price of OPEC basket of twelve crudes stood at 103.83 dollars a barrel on Tuesday, compared with $104.22 the previous day, according to OPEC Secretariat...

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