The United States-based ExxonMobil has announced the appointment of Richard Laing as chairman and managing director of its three affiliates in Nigeria – Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited, and Esso
For the first time in many years, the Organisation of Petroleum Exporting Countries, OPEC, has confirmed Nigeria’s ability to cut its output from 1.7 million barrels per day, mb/d in May to 1.4mb/d in June
The Nigerian Postal Service (NIPOST)has again tackled the Federal Inland Revenue Service (FIRS ) over the exclusive right to Stamp Duty collection. The agencies have been feuding since 2019 over the exclusive right to Stamp
Nigeria recorded a slight increase in its oil output for the first quarter of 2020, the National Bureau of Statistics said on Monday. According to the NBS, gains made in petroleum production led to an
The Nigerian National Petroleum Corporation (NNPC) has said professional competence, adherence to the principle of transparency and accountability informed the recent top management appointment executed in the first week of March. Dr Kennie Obateru, the
The United States Government has revealed how it’s preparing to add 33 Chinese firms and institutions to an economic blacklist, for alleged ties to China’s military, or persecution of Uighurs. Seven companies and two institutions
Stakeholders in the oil and gas sector have said that previous bid rounds in Nigeria’s marginal oil fields revealed a sharp decline in interest from serious investors, both local and foreign. This, according to the
Christopher Butcher, a UK High Court Judge has dismissed Nigeria’s $1b suit against Shell and Eni, noting that the court does not have jurisdiction to hear the claim. Disclosing this on Friday, Barnaby Pace, a
Zainab Ahmed, Nigeria’s Minister of Finance, has said that the coronavirus pandemic and falling oil prices are set to force Nigeria’s economy into recession. The Minister made this known today May 21, while speaking to
COVID-19 pandemic may not kill as many as 50 million people claimed by the Spanish flu a century ago, but it is set on damaging the world economy by as much as a harrowing $82
The ex-depot price of Premium Motor Spirit (PMS) was slashed to N108 per litre on Wednesday May 6, by the Petroleum Products Marketing Company (PPMC). The move which reflected a drop in the price of
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, on Monday revealed that 376,631 Nigerians have applied to fill the 220 vacancies it advertised recently. The commission, in a statement on its verified Facebook
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