Nigeria Union of Petroleum and Natural Gas Workers, NUPENG and its Petroleum and Natural Gas Senior Association, PENGASSAN, have threatened to shut down the nation’s Petroleum industry of alleged plan…
Nigeria’s economy out of recession, NBS insists (PremiumTimes)
The National Bureau of Statistics (NBS) on Monday restated that the country was out of recession. The Head of Public Affairs and International Relations Unit, Sunday Ichedi, said this in a statement i…
Nigeria wastes $1trn earned in oil booms- Report
But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil booms to develop and d…
Osinbajo intervenes in Total’s $16bn Egina oilfield dispute
Yemi Osinbajo, acting president is set to be in Lagos Friday in an effort to resolve the dispute threatening the ongoing integration of the $3.3 billion Floating Production Storage Offloading (FPSO) u…
Militants threaten to renew hostilities on oil facilities in Nigeria
Agitators and militants in the Niger Delta of Nigeria hinted on Tuesday, a return to hostilities on oil facilities in the region after they called off the subsisting seven-month ceasefire with the cou…