Oil audit: EITI wants Nigerians to demand enforcement

The Extractive Industries Transparency Initiative – a global body that ensures transparency around countries’ oil, gas and mineral resources – on Monday urged Nigerians...

Maritime security, flood control tops agenda at Nigeria, Netherlands business dialogue

The Kingdom of Netherlands and Nigeria will engage in a business dialogue where  Nigeria will be exposed to dynamics of  flood control and maritime...

FG begins full payment to 38,000 PHCN workers

The full payment of entitlements to 38,000 workers of the Power Holding Company of Nigeria, PHCN, has commenced. The Director General the Bureau of Public...

Avoiding regulatory capture in Nigeria’s electricity market

Recent revelations that the investors who have acquired the assets of the Power Holding Company of Nigeria (PHCN) have begun lobbying for another increase...

NERC insists on coordinated handover process

The Nigerian Electricity Regulatory Commission (NERC) has asked new owners of privatised Power Holding Company of Nigeria (PHCN) to exercise some restraint in their...

Ijaw professionals seek amendment of Petroleum Industry Bill

The Ijaw Professionals Association (IPA) has made a strong recommendation for an amendment of the Petroleum Industry Bill (PIB) currently before the National Assembly...

Local content: Shell warns investors over quality of products

The Shell Petroleum Development Company (SPDC) has reminded participants at the 3rd edition of its annual Nigerian Content Day in Port Harcourt that the...

Oil communities insist on 13% derivation

The people of the oil-bearing communities in the Niger Delta have challenged the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), saying that anything short...

Jonathan urges EITI to support efforts to stop oil theft

President Goodluck Jonathan Monday called on  the Extractive Industries Transparency Initiative (EITI) to do more to support efforts by the federal government to stop...

OPEC daily basket price stood at $108.15 a barrel Friday, 11 October 2013

The price of OPEC basket of twelve crudes stood at 108.15 dollars a barrel on Friday, compared with $107.69 the previous day, according to OPEC Secretariat...

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