Apparently determined to shore up government’s revenue, the Minister of Finance, Mrs. Kemi Adeosun, has revoked the reduction of withholding tax for construction related activities. The...
The volatile oil producing Niger Delta region has been in the news again, not only for its great endowment with the black gold, or it being...
The Nigeria Extractive Industry Transparency Initiative, NEITI, has said the country at the moment does not know the quantity of crude oil it produces. The Executive...
The spate of attacks on oil facilities in the Niger Delta has further reduced Nigeria’s daily oil output, as Eni, the parent company of Nigerian Agip...
The militant group, Niger Delta Avengers say what they want is a country of their own, and not pipeline contracts. The group also claimed to have...
Seemingly dazed by the level of recurring bombings of oil pipelines in the Niger Delta area, the federal government has resolved to engage persons from communities...
President Muhammadu Buhari has said that niigeria’s economy is in a volatile situation due to the crash in oil prices. The president stated this at the...
By Pat Utomi…The price of Petrol goes up and gloves go off. When gloves go off name calling and the mudslinging on motives become fair game....
Lagos lawyer and human rights activist, Mr Femi Falana, SAN, has said that the new fuel price regime announced by the Federal Government is illegal and...
Nigeria may yet heave a sigh of relief if the projections of the World Bank is anything to go by. The Bretton Wood institution is raising...
Oil prices, Friday, rose above the bench mark for Nigeria’s 2016 budget by $4.29, as prives rose for the third straight days. The latest price upward...
In spite of government’s efforts to diversify the nation’s economy from crude oil based, non-oil exports dropped by a whopping 58 per cent losing $6.14 billion...
After positive signs of improving crude prices, hopes faded again on Tuesday, as prices dipped further below $40 per barrel. The further fall in prices may...
The Federal Government has dragged International Oil Companies, IOCs to court over crude theft totalling $12 billion. FG’s action is targeted at recovering over N2 trillion...
The price of Brent crude, on Monday, rose to hit a 2016 high of $40 per barrel. It was the sixth rise in consecutive trading days...
By Benjamin Obiajulu Aduba The 9-month span of Mr. Muhammadu Buhari’s presidency is not long enough to pass final judgements on his stewardship but long enough...
There seems to be a general optimism, though cautious, over Friday’s upsurge in the prices of crude in the international market. After selling below the $30...
Prices of crude in the international market made a dramatic increase on Friday, reaching a two-month high, as the Brent North Sea crude reached $38.72 a...
By Waziri Adio Dutch Disease. Resource Curse. Paradox of Plenty. Three good turns of phrases signifying an unflattering concept that could have been developed with just...
By Joseph Edgar . . . . As I ride to work this morning I am listening to economic news analysis and I fear for this...
Monitoring experts has said fuel may end up being cheaper than bottled water if the current rate at which oil prices are plummeting continues. Oil prices...
Nigeria’s dwindling resources may encounter more troubles as global prices of oil slipped further yesterday to touch $30 per barrel for the first time since April...
Nigeria’s earnings from crude oil will drop from $88 billion it was last year to about N52 billion this year, losing about $36 billion. This, according...
Claims by Nigeria’s National Petroleum Corporation (NNPC) that the process by which it supplies refined petroleum products for domestic consumption leads to losses that translate into...
THE Federal Government exported 140.79 million barrels or 1.53mbd of crude oil during the third quarter of 2014, according to the Central Bank of Nigeria (CBN)...
