Thursday, October 18, 2018

NIGERIA: 278 companies bid for NNPC’s 950,000 bpd crude deal

By Sebastine Obasi & Michael Eboh ABUJA—The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that 278 companies were vying to secure the contract for the...

Oil War is coming

n 1956 crude Oil was discovered in Nigeria at Oloibiri, in the very year the Queen of England visited Nigeria, and four years after...

IRANIAN ECONOMY is booming: Germany, Austria to increase direct flights to Tehran IRAN

Germany, Austria to increase direct flights to Tehran after the removal of the sanctions and $100 billion injected into Iranian economy, Iran is now...

Banks block five million customers’ accounts • No withdrawal without BVN –CBN

At least five million bank accounts were deactivated by Deposit Money Banks operating in the country on Saturday night following the October 31, 2015...

UK crime agency authorised to seize cash from Nigeria ex-oil minister: court

LONDON (Reuters) - Britain's National Crime Agency (NCA) obtained court permission on Monday to temporarily seize 27,000 pounds ($41,000) from a former Nigerian oil...

Hillary Clinton comes out against major Pacific trade deal

Hillary Clinton's opposition to the White House on the Trans-Pacific-Partnership puts her in line with labor groups and other Democrats; her rival for the...

CRUDE: Nigeria reaches out to Asian refiners

By Clara Nwachukwu, with agency reports Despite the free fall in global oil prices, Federal Government has insisted that it would not indulge in...

Nigeria close to finding oil in Chad Basin – Kachikwu And what will Boko...

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has said the country is on the verge of finding oil...

Nigeria: The world’s largest refinery in Lagos by Dangote

Dangote Oil Refinery Company Limited has said its 600,000 barrels of crude oil per day (bpd) plant located at the Lekki Free Trade Zone...

European firm invests $6b in Iran’s power sector

TEHRAN- An European firm signed a deal with the Iranian Energy Ministry for making $6 billion investment in Iran’s power sector, Iran’s Government Spokesman...