Trans Forcados pipeline repair may improve banks’ earnings – Analysts

According to analysts at Lagos-based CSL Stockbrokers Limited, the recent report that Shell Petroleum Development Company (SPDC) has started testing the Trans-Forcados crude export...

Nigerian grades weaken on sweet grade oversupply in Atlantic basin

Buying interest for light sweet Nigerian grades was limited on Tuesday and traders said differentials were falling with the glut of alternative crude grades...

Shell paid $29b to FG over 5 years – MD

The Country Chair, Shell Companies in Nigeria (SCiN) and Managing Director of SPDC, Osagie Okunbor, has said that the Shell Petroleum Development Company of...

Senate tackles Kachikwu over comments on PIB passage by NASS

The Senate, yesterday, warned Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to stop making what it described as false claims on the...

LSEG lists 3 firms in Obijackson Group as part of its “Companies to Inspire...

The London Stock Exchange Group (LSEG) has unveiled the inaugural edition of its ‘Companies to Inspire Africa’ report and listed three companies from the...

PENGASSAN extends Exxon Mobil strike to Chevron, Agip and Shell

Nigerian workers from an oil labour union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the...

IOCs, banks face Senate probe over $62b capital flight

The Senate has begun investigation into activities of some banks for allegedly colluding with some International Oil Companies (IOCs), to defraud Nigeria. This is as...

Oil jumps to $52 as Saudi, Russia agree to extend cuts till 2018

Oil prices began the week on a positive note, as Saudi Arabia and Russia, the world’s largest producers, agreed to extend the historic OPEC...

National Assembly doubles rural electrification budget to N31bn

The National Assembly has doubled the 2017 budget proposal of the National Rural Electrification Agency, (NREA), raising the executive expenditure proposal for the agency...

Legislative squabbles delaying quick passage of PIB – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has confirmed reports that there were bits of internal disputes between the Senate and...

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