Energy
IOCs fear collapse as FG says N1.36tn crude stolen in 14 months
The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at...
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Oil prices resume climb after U.S. stockpiles drop in tight market
Oil prices turned higher on Wednesday, erasing losses from the previous session, after industry data showed U.S. crude stocks fell...
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Oil theft: FG probes oil firms over production output, others
The Federal Government has set up a panel of experts to audit the activities of oil companies in the upstream...
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New guidelines rekindle hope for 9,000MW renewable energy in Nigeria
The Federal Government, alongside European Union and Germany, yesterday in Abuja, released the Environmental and Social Management Plan (ESMP) targeting...
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Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading
Oil prices rose early on Wednesday, bouncing back after earlier falling more than $1 a barrel, as Russia's invasion of...
Read moreOil prices extend losses ahead of Fed meeting
Oil prices shed as much as $4 a barrel on Monday, extending last week's decline as diplomatic efforts to end...
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Ukraine conflict: Oil price soars to highest level since 2008
Oil prices have soared to the highest level since 2008 after the US said it was discussing a potential embargo...
Read moreOil rebounds as escalating Ukraine conflict raises supply concerns
Oil prices rebounded on Friday as the disruption of Russian oil exports because of western sanctions outweighed the prospect of...
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NNPC objects to Exxonmobil $1.6bn oilfield asset sale
In a dramatic twist, the Nigerian National Petroleum Company (NNPC), Limited has cancelled Mobil Producing Nigeria Unlimited $1.6bn oilfield asset...
Read moreOil leads mad rush to resources, stagflation a risk
Oil prices sped higher on Thursday as the war in Ukraine drove a mad dash for resources in an ominous...
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