Oil earnings dip by N36bn in Q2 – CBN

The contribution of the oil and gas sector to the Nigerian economy declined significantly in the second quarter of 2013, as revenue accruable to...

Sovereign Wealth Fund invests $200m in US bonds

Nigeria’s Sovereign Wealth Fund, SWF, has invested more than $200 million in the United States bond market. The fund was given by the SWF to...

Dangote, richest African in the world

The Forbes Magazine has declared Aliko Dangote is the richest African in the world in its latest list which features several top players in...

Brent falls $2 as military action is called off against Syria

Global oil prices fell to a five-week low below $109 a barrel on Monday after the United States agreed to call off military action...

OPEC daily basket price stood at $109.87/b on Friday 13th September 2013

The price of OPEC basket of twelve crudes stood at 109.87 dollars a barrel on Friday, compared with $109.83 the previous day, according to...

SWF to invest in capital market, aviation sector

Managing Director of the Nigerian Sovereign Investment Authority, NSIA, Mr. Uche Orji, has said that the authority was looking at investing in Monoline insurance,...

Federal Government inaugurates subsidy payment committee

The Federal Government has constituted a seven-member Pan-industry Committee to explore ways of resolving the lingering dispute between the Ministry of Finance and petroleum...

Trade Minister inaugurates oil, gas forum committee

Minister of State for Industry, Trade and Investment , Dr Samuel Ortom has inaugurated the technical committee for the 2013 oil and gas trade...

$10bn investments opportunities exist in oil, gas sector yearly – GM Brass LNG

Over $10 billion worth of investments opportunities exist for young professionals in the midstream Nigeria’s oil and gas sector, the General Manager, Public Affairs,...

OPEC daily basket price stood at $109.40/b on Wednesday 11th September 2013

The price of OPEC basket of twelve crudes stood at 109.40 dollars a barrel on Wednesday, compared with $109.26 the previous day, according to...

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