oil

107 Articles
World

Rivers Assembly Issues Bold Ultimatum: Governor Faces 48-Hour Deadline to Fire Commissioners

In a dramatic escalation of political tensions, the Rivers State House of Assembly has given Governor Simi Fubara a 48-hour ultimatum to sack...

Crime & conflict

Oil Prices Plummet to Three-Year Low, Signaling Mixed Outcomes for Nigeria

Oil prices have declined for the third consecutive day, dropping nearly 3% to their lowest level in three years, a development poised to...

World

Rivers State’s Electoral Setback: Fubara Yields to Supreme Court, Signals Compliance Amid Dissent

Rivers State Governor Siminalayi Fubara has vowed to abide by a Supreme Court ruling that nullified the state’s October 2024 local government elections,...

Metro

Nigerian Troops Neutralize 82 Terrorists, Rescue 93 Victims in One-Week Crackdown

In a robust display of military prowess, the Defence Headquarters (DHQ) announced on Friday, February 21, 2025, that Nigerian troops engaged in internal...

Metro

Diezani Alison-Madueke Distances Herself from $52.5M Repatriated to Nigeria

Diezani Alison-Madueke, the former Nigerian Minister of Petroleum Resources, has publicly denied any connection to the $52.5 million recently repatriated from the United...

Economy

NNPCL Undertakes Major Rehabilitation of Pipelines and Depots to Bolster Nigeria’s Energy Infrastructure

The Nigerian National Petroleum Company Limited (NNPCL) has announced a comprehensive rehabilitation project aimed at strengthening the nation’s energy infrastructure. In an interview...

Economy

Dangote Refinery Adjusts Petrol Prices Due to Global Crude Oil Price Surge

Dangote Refinery has publicly addressed the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, attributing it...

Politics

Oando Secures Operatorship of Angola’s Block KON 13

Oando Plc has announced that its upstream subsidiary, Oando Energy Resources (OER), has been awarded the operatorship of Block KON 13 in Angola’s...

Crime & conflict

Kremlin Signals Openness to Putin-Trump Talks on Ukraine Conflict

Dmitry Peskov, the Kremlin’s spokesman, has revealed that Russian President Vladimir Putin is open to dialogue with the newly inaugurated U.S. President Donald...

Economy

Tinubu’s Government to Distribute N75,000 to 70 Million Nigerians, Aims to Alleviate Poverty

In a significant move to address economic hardships, the federal government of Nigeria, under President Bola Tinubu, has announced plans to distribute N75,000...