Archives Tag: oil industry
NNPC Cuts Petrol Depot Price to ₦108
April 19, 2022
The Nigerian National Petroleum Corporation has again lowered the ex-depot price of petrol. The latest reduction, announced on Wednesday, will see PMS sold to marketers at ₦108 per liter, down from ₦113.28 per liter. Final consumers can now expect a similar cut to the price of the product at petrol stations. In March, the ex-depot … Continue reading NNPC Cuts Petrol Depot Price to ₦108
BUSINESS Did You Know? ECONOMY
Three Sectors Bigger Than the Oil Industry in Nigeria
April 19, 2022
The National Bureau of Statistics recently released data on the growth of Nigeria’s economy in 2019. The GDP report showed that the country’s economy had grown by 2.27 percent in the year just passed. It had performed slightly better than many analysts (including those at the IMF) had expected. But it will need to grow … Continue reading Three Sectors Bigger Than the Oil Industry in Nigeria
Akasemi Ollor, the 29-Year-Old Nigerian Who Helped Make History in Ghana’s Oil Industry
April 19, 2022
Akasemi Ollor isn’t 30 yet, but she’s already far out on the dream track of the average commercial lawyer. She’s making headlines, getting tipped for bigger things and just plowing through the often rocky terrain of business regulation with what looks like unusual ease. That’s the picture we get of Ollor’s career trajectory from the … Continue reading Akasemi Ollor, the 29-Year-Old Nigerian Who Helped Make History in Ghana’s Oil Industry
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
ExxonMobil Discovers 1 Billion Barrels of Oil in Bayelsa
April 19, 2022
American oil and gas company, ExxonMobil says it has discovered about 1 billion barrels of oil off the coast of Bayelsa State, in Nigeria’s far south. An e-mailed statement from the firm describes the find as “significant”, and suggests that it has the potential to yield recoverable resource of between 500 million and 1 billion … Continue reading ExxonMobil Discovers 1 Billion Barrels of Oil in Bayelsa
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
Books ECONOMY Energy News Research
Canada-based Professor Launches Book on Oil Theft in Nigeria
April 19, 2022
A Professor of Criminology at the University of Alberta, Canada, Temitope Oriola, has launched a book on kidnapping of oil workers in Nigeria. The book, In Criminal Resistance? The Politics of Kidnapping Oil Workers, explores circumstances responsible for abducting oil workers, and reasons for it. This brings to the fore another challenge in Nigeria’s oil … Continue reading Canada-based Professor Launches Book on Oil Theft in Nigeria
By sheyi
