House: NNPC figure on crude oil sales, a ruse

Following the release, last Thurday, of its crude oil sales from January to July this year, the House of Representatives Committee on Finance has...

Brent headed for third weekly loss

Brent crude oil dropped below $109 a barrel on Friday, heading for its third straight weekly loss, with diplomatic efforts over Syria and Iran...

CBN resumes direct intervention to save naira

In a bid to save the naira, the Central Bank of Nigeria has resumed direct intervention by selling dollars to end users in the...

NNPC earns $20.9bn from crude oil sales

The total year-to-date (YDT) earnings of the Nigerian National Petroleum Corporation (NNPC) from sale of crude oil in the first seven months of 2013...

OPEC daily basket price stood at $106.53 a barrel Wednesday, 25 September 2013

The price of OPEC basket of twelve crudes stood at 106.53 dollars a barrel on Wednesday, compared with $105.80 the previous day, according to OPEC Secretariat calculations . The...

House: give credit for N850bn subsidy savings to Okonjo-Iweala, not Madueke

The Chairman of the House of Representatives Committee on Finance, Hon. Abdulmunini Jibrin, has said the Coordinating Minister for the Economy and Minister of...

I will not devalue the Naira – Sanusi

The Governor of the Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, has vowed to defend the Naira. He said he was prepared...

OPEC daily basket price stood at $105.76 a barrel Tuesday, 24 September 2013

The price of OPEC basket of twelve crudes stood at 105.76 dollars a barrel on Tuesday, compared with $106.52 the previous day, according to OPEC Secretariat...

Revenue shortfall: House Committees differ on Alison-Madueke

The debate over who should be held responsible for the dwindling oil resources in the country took a new dimension yesterday, as the Joint...

BP sells Forties at 3-month low ; Nigeria boosts Qua oil exports

BP Plc (BP/) sold North Sea Forties crude at a discount to Dated Brent, the lowest level since June 19. Socar Trading SA offered...

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