Archives Tag: Oil in Nigeria
ThrowBack Thursday: Oloibiri Oil Discovery (1959)
April 19, 2022
A very major bulk of Nigeria’s wealth since the 1950’s has been from oil; and quite a majority of this oil have been explored in the Niger Delta region of Nigeria. Until oil was discovered, agriculture was the primary contributor to the entire Gross Domestic Product (GDP), and everyone went to sleep since then, except … Continue reading ThrowBack Thursday: Oloibiri Oil Discovery (1959)
By adedoyin
The NBS’s Report on Nigeria’s GDP for Q3 2016: The Silver Lining You Probably Missed
April 19, 2022
On Monday, the National Bureau of Statistics (NBS) let the public into its summary of Nigeria’s economic performance in the months of July, August and September- the third quarter (Q3) of 2016. Its assessment, grim as it was, didn’t shock most observers- the oil sector shrank by a monumental 22% points, casting a dark shadow … Continue reading The NBS’s Report on Nigeria’s GDP for Q3 2016: The Silver Lining You Probably Missed
Lagos to Commence Export of Crude Oil in August
April 19, 2022
After many years of anticipation, it seems that Lagos State may finally join the league of states from which crude oil is exported. This achievement could be recorded as early as August if reports coming from the operators of the facility at the Aje oil field are anything to go by. The Aje oil field, … Continue reading Lagos to Commence Export of Crude Oil in August
Nigerian Businessmen Awarded 7 Oil Blocks in Kenya
April 19, 2022
According to reports by News Agency of Nigeria, NAN, some Nigerian businessmen have been awarded seven oil blocs for exploration from the 46 newly discovered oil blocs in Kenya. The chairman, Kiprono Kittony, of the Nigeria-Kenya Chamber of Commerce disclosed this in Abuja on Monday at a meeting with prominent business men from both … Continue reading Nigerian Businessmen Awarded 7 Oil Blocks in Kenya
