Investing in the Oil Industry – By Dr. Phil Osagie

Dr. Phil Osagie | Toronto | March 3, 2021 – If you bought just one barrel of oil on April 21 last year, your returns would have now increased by over 60 times. Or if you had traded $1000 in WTI crude oil, you would be worth over $60,000 today. Imagine if in April last […]

Nigerians Apprehensive Over Possible Increase In Fuel Price, Says IPMAN

Following long fuel queues that have resurfaced in the Federal Capital Territory (FCT) and other states across the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Sunday, said Nigerians were being apprehensive over a likely increase in pump price. This is coming on the heels of increasing queues in filling stations within Abuja, […]

Breaking: Shell loses case against 4 Nigerian farmers in Dutch court

Agency Report A Dutch appeal court in The Hague has ruled that the Nigerian branch of Shell has to pay compensation to some Nigerian farmers who have been litigating against the company for 13 years. The court reached the decision today. The amount of compensation must be determined later, a Dutch newspaper reported. According to the ruling, […]

Oil revenue gets boost as OPEC considers Buhari’s plea

Stories by Adewale Sanyaolu The Organisation of Petroleum Exporting Countries (OPEC) after tense discussions at the weekend agreed to increase oil production by 500,000 per day effective January 2021. The meeting which is the 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held via videoconference The deal to increase oil production is coming days after President Muhamadu […]

PDP scammed Nigerians with fuel subsidy ― APC

By Omeiza Ajayi – Abuja The ruling All Progressives Congress (APC) has accused the Peoples Democratic Party PDP of scamming Nigerians through its fuel subsidy regime when it held sway as the nation’s ruling party. APC in a statement by its Deputy National Publicity Secretary, Mr. Yekini Nabena also tackled the PDP spokesman, Mr. Kola […]

Petrol subsidy removal will save Nigeria N1trn, create jobs annually -Sylva

Minister of State for Petroleum Resources, Chief Timipre Sylva By Deji Abdulwahab Mr Timipre Sylva, the Minister of State for Petroleum Resources says the Federal Government’s decision to fully remove subsidy from petrol will save the country ₦1trn annually and create massive jobs. Sylva, who said this on Thursday, while speaking with newsmen in Abuja, […]

The Right man for the Right Job in the Niger Delta – Buhari Got it Right – Dr. Lloyd F. Ukwu

  Dr.  Lloyd F. Ukwu | Port-Harcourt, Nigeria | Sept. 13, 2020 – This morning, I awoke to read about the appointment of retired Col. Milland Dixon Dikio as the new Amnesty Program Coordinator. I was optimistic, but cautiously so and called a few friends to make sure it was the same Dikio that went […]

Brace up for more fuel price increases – Buhari

…Says price’ll change as crude oil price changes …Justifies electricity tariff increase lAdds, those who get less than 12hrs of power not affected …No more estimated billing …Laments COVID-19 reduced revenue by almost 60% By Johnbosco Agbakwuru President Muhammadu Buhari, yesterday, asked Nigerians to expect further increase in the price of petrol, saying people would […]

Group commends FG over removal of fuel subsidy

By Ikenna Osuoha An Abuja-based NGO, Initiative for Leadership Development and Change (ILDC) has commended the federal government for removing fuel subsidy to allow market forces determine the price of pump price so that the economy would flourish. Chief Ugochukwu Nnam, National Coordinator of the group made the commendation, in an interview with the News […]

NLC rejects hike in fuel price

NLC president Ayuba Wabba By Joan Nwagwu/Edith Ike-Eboh The Nigeria Labour Congress (NLC) has rejected the increase in Premium Motor Spirit (PMS), also known as petrol from N148. 50 per liter to N151.56 per litre. Mr Ayuba Wabba, NLC President told the News Agency of Nigeria (NAN), while reacting to the increase in the price […]

Gov. Wike blasts Senate for confirming ex service chiefs as ambassadors

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