Govt will create 1m jobs in 2016 – Osinbajo

31 December 2015, Abuja –  The Federal Government will create no fewer than one million direct jobs in 2016, the Vice President, Prof. Yemi...

Oil workers flay proposed PIB, reject layoff plan

31 December 2015, Abuja – Oil workers, under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), ha...

Oil prices slide by one per cent on 2016 weak outlook

31 December 2015, Abuja –  Crude oil futures fell around half a dollar yesterday as the market remained under pressure from slowing demand ...

Oil prices slide by one per cent on 2016 weak outlook

31 December 2015, Abuja –  Crude oil futures fell around half a dollar yesterday as the market remained under pressure from slowing demand ...

Forex scarcity may affect banks’ eurobond obligations

31 December 2015, Abuja – Foreign exchange scarcity rocking the financial system may not have been over yet, as pending corporate bond debt...

Nigeria’s foreign reserves drop to $29.13b – CBN

31 December 2015, Lagos – The Central Bank of Nigeria, CBN, on Friday said that the nation’s foreign exchange reserves declined to 29.13 bi...

PENGASSAN flays PIB

31 December 2015, Abuja –The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has condemned the proposed Petroleum...

NSCDC convicts eight vandals, arrest 30 in Edo

31 December 2015, Benin – The Edo command of the Nigeria Security and Civil defense Corps (NSCDC) said it has successfully convicted eight ...

Oil cartel blackmailing Buhari’s government – Oyegun

31 December 2015, Abuja -The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun, has said that oil cartel a...

Opposition criticizes fuel pump price reduction

*Says govt must explain position on subsidy removal Oscarline Onwuemenyi 31 December 2015, Sweetcrude, Abuja — The Peoples Democratic Party...

Fuel price slash too little to cheer, says PDP

31 December 2015, Abuja – The Peoples Democratic Party (PDP) has described the ‘new’ pump prices of petrol as announced on Tuesday by the f...

Ghana fixes power deficit that caused years of blackouts

31 December 2015, Abuja – Ghana’s government said on Wednesday it had fixed an electricity supply deficit that caused years of frequent bla...

Mixed reactions trail reduction in pump price of petrol

31 December 2015, Abuja – Mixed reactions,  yesterday, trailed the announcement by the Petroleum Products Pricing Regulatory Agency (PPPRA)...

‘NASS unaware of fuel subsidy removal, electricity tariff hike’

31 December 2015, Abuja – Leader of the House of Representatives, Mr Femi Gbajabiamila has said that the National Assembly is not aware of ...

Nigeria: Govt pays marketers N40.27/l as subsidy for kerosene

Ike Amos 31 December 2015, Sweetcrude, Abuja – The Federal Government has kept mum on its plans for Kerosene in the year 2016, as subsidy f...

How LPG regulation lapses trigger incessant explosions

30 December 2015, Lagos – The reoccurring phenomenon of gas explosions across the country has once again triggered concerns about the level...

NCDMB seeks increment in line pipes investments

30 December 2015, Yenagoa – The Nigerian Content Development and Monitoring Board (NCDMB) has charged investors in line pipes used in the o...

Tariff hike: Fading hopes and power supply expectations

30 December 2015, Lagos – Nigerians cannot help but be tired of promises and power outages especially at a critical time when the crude oil...

Stock market investors count losses

30 December 2015, Lagos – As stakeholders in the nation’s stock market looks forward to the formal closing of trade tomorrow, many of them ...

Nigeria’s external reserves fall by 15% to $29.342bn in 2015

30 December 2015, Lagos – Nigeria’s external reserves has so far depreciated by 15 per cent this year at its current value of $29.342 billi...

Total Nigeria boosts safer road transportation of petroleum products

30 December 2015, Lagos – Total Nigeria has installed two high-tech driving simulators at its Truck Drivers Training School and Inspection ...

NSE reviews composition of market indices

30 December 2015, Lagos – The Nigerian Stock Exchange (NSE) has concluded a review of its indices with changes in three of the indices, whi...

2016 budget highlights decline in oil sector

30 December 2015, Lagos – Barring any further adjustments in the key parameters in the 2016 Appropriation Bill, next year’s budget will una...

Reduce $38 oil benchmark, TUC tells FG

30 December 2015, Lagos – The Trade Union Congress of Nigeria, Rivers State Council, has highlighted the need for the Federal Government to...

NNPC selling crude oil without export certificate – NACCIMA

30 December 2015, Abuja – The Nigerian National Petroleum Corporation has been exporting the country’s crude oil without an export certific...

Knocks, kudos for FG’s N2.2tn borrowing plan

30 December 2015, Lagos – Economists and finance experts have expressed divergent opinions on the proposal by the Federal Government to bor...

Fire guts Galaxy TV, petrol tanker in Lagos

30 December 2015, Lagos – No fewer than seven people cheated death on Tuesday in the Lekki tollgate area of Lagos State after a white Iveco...

NDDC contractors protest non-payment for jobs completed

30 December 2015, Port Harcourt – Contractors handling projects for the Niger Delta Development Commission, NDDC, in the region, yesterday,...

Lagos, NSCDC disagree over bunkerer’s prosecution

30 December 2015, Lagos – The Lagos State Government and Nigerian Security and Civil Defense Corp, NSCDC, yesterday disagreed over the mode...

Petrol Price: 50 Kobo reduction ‘too little to cheer’, says PDP

30 December 2015, Abuja – The Peoples Democratic Party (PDP) has described the ‘new’ pump prices of petrol as announced Tuesday by the Fede...

Naira appreciates over Dollar by N1 at parallel market

30 December 2015, Lagos – The naira on Wednesday strengthened against the dollar as currency speculators feared that the apex bank might co...

30 December 2015, Yenagoa—Ijaw Youth Council, IYC, worldwide, has commended President Muhammadu Buhari for commencing the process of reorga...

Nigeria: Akah heads NERC, as govt delays appointment of new commissioners

30 December 2015, Abuja – One week after the tenure of the last seven commissioners of the Nigerian Electricity Regulatory Commission, NERC...

Ghana’s $1.5 billion Tema Port expansion project starts 2016

30 December 2015, Accra — Expansion works on the Tema Port will start next year. The first phase of the $1.5 billion project is expected to...

Tanzania moves toward fossil fuels as hydropower dries up

30 December 2015, Dar es Salaam — As drought continues to cripple its hydropower plants, Tanzania is struggling to produce enough electrici...

Naira appreciates over Dollar by N1 at parallel market

30 December 2015, Lagos – The naira on Wednesday strengthened against the dollar as currency speculators feared that the apex bank might co...

Financial market products & services update

30 December 2015, Sweetcrude, Houston — Local and international financial market products and services update. NIGERIA: The federal governm...

NLC vows to resist fuel subsidy removal

*Accuses govt of policy flip-flop Oscarline Onwuemenyi 30 December 2015, Sweetcrude, Abuja – Even as the Federal Government announced its a...

Nigeria: Petrol to sell for N86/litre from January, 2016

*Marketers to sell at N86.50; *New price regime to last for 3 months *We’ll resist fuel subsidy removal with all our might — NLC 30 Decembe...

Nigeria earns N127bn from export of drilling platforms, light vessels

Ike Amos 29 December 2015, Sweetcrudee, Abuja – The local content initiative of the Federal Government seems to have started to yield posit...

Nigeria: Tanker drivers express dismay, commit to end crises

Oscarline Onwuemenyi 29 December 2015, Sweetcrude, Abuja – The National Chairman of Petroleum Tanker Drivers, PTD Branch of NUPENG, Comrade...

Financial market products & services update

29 December 2015, Sweetcrude, Houston – Local and international financial market products and services update. NIGERIA: Nigeria earned N412...

OPEC daily basket price close at $31.71/b

29 December 2015, Sweetcrude, Vienna, Austria — The price of OPEC basket of twelve crudes stood at 31.71 dollars a barrel on Monday, compar...

NLNG Train 7 FID coming soon – Kachikwu

30 December 2015, Sweetcrude, Abuja – The Nigerian Liquefied Natural Gas, NLNG, shareholders would be taking final investment decision, FID...

Port Harcourt Refinery to resume operation this week – Kachikwu

Mkpoikana Udoma 30 December 2015, Sweetcrude, Port Harcourt -As part of efforts to ease the current shortage of petroleum products in the c...

Mining licences: Govt to enforce ‘use it or lose it’ doctrine   

Oscarline Onwuemenyi 30 December 2015, Sweetcrude, Abuja – Any current holder of mining licence who fails to use it would forfeit such by M...

Proposed PIB, anti-labour, says PENGASSAN 

Kunle Kalerjaye 30 December 2015, Sweetcrude, Lagos – Oil workers, under the auspices of the Petroleum and Natural Gas Senior Staff Associa...

Govt can pay N54,000 as minimum wage – NUEE

30 December 2015, Sweetcrude, Abuja – The National Union of Electricity Employees, NUEE, which is pushing for the review of the N18,000 min...

Off-grid firms boost power supply in Sub-Saharan Africa

30 December 2015, Sweetcrude, Lagos – Sub-Saharan Africa has achieved increased access to energy through the activities of small and medium...

NNPC sells petrol to IPMAN’s filling stations on credit

29 December 2015, Abuja – As part of its special intervention fuel supply across the country, the Nigerian National Petroleum Corporation (...