Daily Archives: April 18, 2018

You Won’t Be Lucky If Oil Plunges Again, IMF Warns Nigeria, Others

  The International Monetary Fund (IMF) has cautioned Nigeria and other oil exporting countries yet to utilise the opportunity created by the prolonged stability in crude oil prices to reform their economies, saying they would not be so lucky if crude prices plunge again.       The Economic Counsellor and Director of the Research […]

Spot Trade For Nigerian Oil Dips, As Bonny Light Price Rises

  Nigeria is having problems selling its crude oil in the international market, according to international news agency, Reuters   The news agency quoted oil traders as confirming that little international sales have been made for cargoes of oil lifted from Nigeria in May 2018.   Just one shipment of Nigeria’s Qua Iboe brand will […]

Nigerian Govt, Agip Partner On National Oil Contingency Plan

    Nigeria Agip Oil Company (NAOC) and the federal government have concluded preparations to activate a National Oil Spill Contingency Plan (NOSCP).   Director-General of National Oil Spill Detection and Response Agency (NOSDRA), Peter Idabor said the NOSCP would take care of oil spill management in the Nigerian environment, as well as the responsibility […]

On the Planned Resumption of Oil Exploration In Ogoni, By Saatah Nubari

  Up till today, none of the seven demands made by the Ogoni people have been met by the Nigerian state, and instead of making efforts to meet these demands, government has given us a media cleanup, which like its name, can only be seen on the pages of newspapers… As was expected, this has […]