Brent crude oil price below $65 unprofitable for the Nigerian Economy

Nigeria’s minister of State for Petroleum Resources, Ibe Kachikwu, has said that Brent crude oil price below a $65 mark will be rough for Africa’s largest economy thus, expects the price to remain well at the $70 dollar range through till next year. “I like the feel of crude oil prices staying around $70 which […]

Nigerian crude overhang continues to clear gradually

The overhang of Nigerian crude has cleared further thanks to a pick-up in buying interest, traders said The number of unsold cargoes from the August and September programmes has dropped to about 10, from close to 30 at the start of the week, one trading source said. Qua Iboe was heard to be on offer […]

NSE $ NNPC Collaboration For Economic Development

The Nigerian Society of Engineers (NSE) and the Nigerian National Petroleum Corporation (NNPC)have pledged to work together leveraging on their respective expertise to revive projects critical to the nation’s economic development. The two organizations came to this resolution when the National President of the NSE, Engr. Adekunle Mokuolu, led the leadership of the society on […]

RMAFC Endorse NNPC To Improve Revenue monitor and Transparency

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commended the Nigerian National Petroleum Corporation (NNPC) on its efforts at improving accountability and transparency. The Acting Chairman of RMAFC, Alhaji Shettima Abba Gana, gave the commendation on Wednesday when he led the management team of the commission on a courtesy call on the Group Managing […]

PTDF To Begin funding Scholars In Varsities Soon

Dr. Bello Aliyu Gusau, the Executive Secretary, Petroleum Technology Development Fund (PTDF) on Monday disclosed that the fund’s scholarships for Nigerian Universities would likely commence by the end of this month. Gusau, who gave the hint during the induction programme for the beneficiaries of the 2018/2019 Overseas Scholarship Scheme (OSS) in Abuja, noted that the […]

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