Monthly Archives: April 2018

IMF advisory on Nigeria’s economy

  Last month, the global financial institution specifically cautioned the Federal Government to take urgent, sound economic policy initiatives to address inherent imbalances in the economy, stating that the Nigerian economy still remains vulnerable to external shocks despite the recent celebration of exiting recession. The latest advisory came from the Economic Counselor and Director of […]

Home » Opinion » You are reading » The Nigerian Crude Oil Tragedy, By ‘Tope FasuaPremium

  One of our biggest problems – perhaps our only problem – as a people, is unoriginality. I don’t believe we have justified the schools we attended, much less the millions of certificates in our possession. And this shows everyday. The level of reliance of the black man on the innovations of other people is […]

‘Forex, crude oil price volatility remain key risk to businesses’

As the nation’s business environment continues to show encouraging signs of improvement through resurgence in consumer confidence, moderating inflation, amongst others, KPMG Nigeria has indicated that Foreign Exchange (Forex) and crude oil volatility top the list of 10 risks for Nigerian businesses this year.       The audit firm made this known during the […]

Vast Gas Deposits Can Make Delta Nigeria’s Investment Hub, Says Okowa

  Delta State Governor, Dr. Ifeanyi Okowa, has expressed confidence in the capacity of the state to become a real power and investment hub in the country because of its huge gas deposit, which is invaluable to the energy sector and other industries.   Okowa made the assertion yesterday while performing the groundbreaking ceremony for […]

Shell commits to ending gas flaring in Nigeria

  Anglo Dutch Oil Company, Shell has again emphasised its commitment to the elimination of routine gas flaring in Nigeria, Independent reports.   The company conveyed this in its annual sustainability report where it said in Nigeria, flaring from Shell Petroleum Development Company’s (SPDC) joint-venture (Shell interest 30%) facilities fell by close to 90% between […]

Natural oil & gas suppliers plan nationwide operation

  AS part of efforts aimed at deepening downstream operations, the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) says it has put necessary machinery in motion to commence full operations nationwide.   The Secretary to the Board of Trustee of NOGASA, Eddy Nwosu told journalists in Abuja on Monday shortly after the board […]

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 […]