Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «oil»

June 22, 2018 8:04 AM Nigeria tells OPEC to forget additional oil supply

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members. Kachikwu made the country’s position known in an interview with journalists on Thursday ahead of the 174th Meetings of the OPEC Conference and the OPEC and non-OPEC Ministerial 15

June 20, 2018 12:11 PM JUST IN: Buhari signs 2018 Appropriation Bill into lawThe Sun News

President Muhammadu Buhari has signed the 2018 appropriation bill containing budget estimates as approved by the National Assembly into law. This was even as he has raised concerns about the National Assembly tinkering with the budget of major projects, announcing that he will send supplementary budget soon. He signed the budget at about 12 noon on Wednesday 18

June 20, 2018 11:45 AM NDDC speaks on resumption of post-Graduate scholarship

The Niger Delta Development Commission (NDDC) has said it will resume its Post-Graduate foreign scholarship to qualified indigent youths in the Niger Delta. The NDDC’s Director of Corporate Communications, Mr Ibitoye Abosede made this known in Port Harcourt on Wednesday. Abosede dislosed that the Governing Board and Management of the company met earlier 23

June 19, 2018 10:48 AM Nigerian govt spent N2.4bn daily on fuel subsidy in May – PPPRA

The Federal Government’s subsidy on fuel has risen to N2.4 billion daily in May, from N774 million in March 2018. This rise in subsidy payment is as a result of the high price of crude oil in the international market. Unlike in March, this year, when the price of crude oil hovered at $66 per barrel, it hovered between $75 and $80 per barrel since last month 20

June 12, 2018 4:57 AM Nigeria’s economic fundamentals still strong, says Fashola

Amidst a surging sell off on the Nigerian Stock Exchange, Minister of Power, Works and Housing, Babatunde Fashola, has called on investors to remain calm and continue playing in the Nigerian Stock Market as the fundamentals of the economy remain strong. Fashola, who disclosed this during the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE) 23

June 8, 2018 7:00 AM Meet Prof. Volker Roeben of Center for Energy Petroleum, Mineral Law, Policy, Dundee in Lagos Abuja, get £5000 merit scholarship

The Center for Energy Petroleum and Mineral Law and Policy is a graduate school at the University of Dundee, Scotland, United Kingdom focused on the fields of International business transactions, energy law and policy, mining and the use of natural resources. CEPMLP is one of the most successful academic institutions in the UK and the EU. It is the principal 20

June 7, 2018 5:25 PM NBS puts total import value in Q1 at N2.5bnThe Sun News

The National Bureau of Statistics (NBS) said the total value of imports in the first quarter stood at N2, 518.26 billion compared to N2,112.31 billion recorded in the fourth quarter of 2017. The NBS disclosed this in its “ Foreign Trade in Goods Statistics’’ released on Thursday. The report noted that the value was 19.22 per cent higher than the fourth 22

June 6, 2018 2:22 PM Contempt: Court Convicts First Bank Chairman, MD Over N122bn Judgment Debt

A Federal High Court in Lagos Wednesday convicted the Chairman of First Bank of Nigeria Limited, Ibukun Awosika, and Managing Director, Dr. Adesola Adeduntan, as well as the bank for contempt. They were accused of refusing to obey the order of the court, which had ordered them to pay an Ogoni community in Rivers State the sum of N122 billion bond guaranteed 43

June 5, 2018 12:23 PM Suspected illegal bunkers shoot soldier in Delta community

Suspected illegal Oil bunkers late Monday night allegedly shot and injured a soldier on guard duty at an oil facility at Escravos in Warri South-West Local Government Area of Delta State. The Soldier, DAILY POST learnt was rushed in the pool of his blood to an undisclosed hospital in Warri for medical treatments same night. The incident has caused serious 25

June 4, 2018 1:51 PM PIB: How we’re reforming Nigeria’s oil sector to curb corruption – Saraki

Nigeria’s Senate President, Dr. Bukola Saraki has stated that the nation’s oil and gas sector was being reformed to curb recurrent corruption, saying that the law applicable in the sector enacted over 40 years ago was no longer supportive. Speaking at the commencement of a three-day joint public hearing of the Senate Committee on Petroleum (Downstream) 20