OPEC daily basket price stood at $105.24 a barrel Friday, 15 November 2013

The price of OPEC basket of twelve crudes stood at 105.24 dollars a barrel on Friday, compared with $104.67 the previous day, according to OPEC Secretariat...

The bleak future of crude oil

The annual World Energy Output report just released by the International Energy Agency (an autonomous international organisation comprising 28 members from developed countries whose...

SURE-P votes N15bn as allowances to unemployed graduates

The Subsidy Reinvestment and Empowerment Programme (SURE-P) has set aside N15 billion to pay allowances of unemployed graduates participating in its Graduate Internship Scheme...

FBN Capital set to finance power firms

FBN Capital has unfolded plans to raise fund from both international and local currency market to finance the recent privatized fi rms and its...

Sanusi cautions banks on oil, gas financing

Banks should consider the environmental impact of their financing and investments, especially when they concern the oil sector, the Central Bank of Nigeria (CBN)...

‘$2.6b recovered in oil, other extractive sector’

About $2.6billion out of the $9.6billion trapped in the petrochemical, mining and manufacturing among other areas in the extractive sector, has been recovered, the...

Economy grew by 6.8% in third quarter —NBS

The nation’s economy measured by Real Gross Domestic Product grew by 6.81 per cent in the third quarter of this year, the National Bureau...

Youths threaten Shell’s operations in Bayelsa

Angered by the deplorable state of Imiringi-Edepie Road, the youths of Kolo Creek, in Ogbia Local Government Area of Bayelsa State, weekend, threatened to...

New revenue formula’ll fix half of Nigeria’s problems – RMAFC

The Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, has said producing the right revenue sharing formula will help solve 50 per cent of the problems...

NNPC must stop operating in the dark – Ribadu

Former Economic and Financial Crimes Commission, EFCC, Chairman, Nuhu Ribadu, has asked Nigerians to rise up and insist on the Nigerian National Petroleum Corporation...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...