RIPPLES NIGERIA The global oil market may be right at its darkest hour as oil prices plunged below $30 per barrel on Monday. Governments around the world are on their toes contriving reforms and fiscal buffers aimed at curbing the…
ENERGY MIX REPORT Group managing director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, said that by June, the oil industry would have a clear fiscal landscape for operators to be able to plan. Kyari made this known…
THE GUARDIAN Uncertainties linger as oil prices hover below budget benchmark There are indications that Organisation of Petroleum Exporting Countries (OPEC), and its allies, especially Russia, will further cut oil supply by 500,000 barrels per day (bpd), a situation that…
THE SUN NEWS THE sad story of the utter neglect of the natural resources Nigeria has in abundance but prefers its foreign, processed derivative is often told. For instance, back in the 1950s and 1960sthe country was a leader in…
RIPPLES NIGERIA The Federal Government’s (FG) hope of achieving a seamless implementation of its 2020 budget suffered a set back Wednesday following the release of the Organisation of Petroleum Exporting Company’s (OPEC) January 2020 Monthly Oil Market Report. The OPEC’s…
RIPPLES NIGERIA “Nigeria is rich in petroleum resources, but the challenges confronting the country are so enormous as to render the oil earnings insignificant”, President Muhammadu Buhari said on Thursday. A statement by his spokesman, Femi Adesina, said Buhari stated…