Nigeria’s federal government has insisted that it wasn’t in breach of any part of the treaty setting up the West African Gas Pipeline Authority (WAGPA) by the selection of a

JP Morgan, an American multinational investment bank has removed Nigeria from its list of emerging market sovereign recommendations that investors should be ‘overweight’ in, saying the country had not taken

Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Mele Kyari, on Tuesday told the House of Representatives Adhoc Committee investigating the state of refineries in

The Airline Operators of Nigeria (AON) on Monday reached a truce with the leadership of Nigeria’s House of Representatives and other government agencies to cancel the plan of shutting down

In a fresh revelation, marketers of petroleum products under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) have alleged that the federal government through the Nigerian National Petroleum

The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (£27,630), according to the Coinbase cryptocurrency exchange. The world’s largest cryptocurrency by market value has

Some petroleum products marketers in Nigeria have warned that the pressure being mounted by local airline operators on the federal government to begin arbitrary control of the price of Aviation

Almost half the shortfall in planned oil supply by the Organisation of Petroleum Exporting Countries (OPEC) and its allies is down to Nigeria and Angola, Reuters has indicated. It reflects

After weeks of respite, following more than three months of punishing petrol scarcity nationwide, long queues have appeared in Abuja and adjoining states. Efforts on Sunday to get the authorities,

Chevron Nigeria announced the termination of its contract with Caverton Helicopters. This was disclosed in a statement titled, “Termination of Caverton’s Contracts.” The company stated, “This is to bring to

Nigerian airlines umder the aegis of the Airline Operators of Nigeria (AON) have reversed a planned suspension of operations initially scheduled to start Monday, May 9. The airlines had on

The Nigerian Communications Commission (NCC) has rejected the request by telecom operators for an upward review of tariff, saying that any such decision must be fair to the subscribers and

Following a threat by airline operators to shut down their operations on Monday, May 9, over the scarcity of aviation fuel, the federal government has appealed to operators to reconsider

The Airline Operators of Nigeria (AON) has served notice of ceasing operations on Monday, May 9, over the high cost of aviation fuel otherwise known as JetA1. In a statement

Many Nigerian airlines were shocked on Thursday when they were informed by oil marketers that aviation fuel had risen from N500 per litre to N680 per litre. Owing to this,

Africa’s richest woman and Vice-Chairman of FAMFA Oil Limited, Mrs. Folorunso Alakija, has stated that current reforms in the oil and gas sector are expected to have a far-reaching impact

The Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ on Thursday agreed to stick to last year’s plan to gradually release just over 400, 000 barrels

A United States Senate committee passed a bill on Thursday that could expose members of the Organisation of the Petroleum Exporting Countries (OPEC) like Nigeria and partners to lawsuits for