oil

Germany seizes Russian-owned refinery amid energy crisis

The German subsidiary of Russian oil giant Rosneft was on Friday placed under trusteeship, giving Germany’s federal regulator control of…

2 years ago

2023: FG budgets N3.36trn for six-month subsidy payment

The Federal Government has proposed to spend N3.36 trillion on fuel subsidy payment in 2023. Petrol subsidy would remain up…

2 years ago

Elon Musk: World needs more babies, oil

The world’s richest man, Elon Musk, on Monday, said the world needs to "make more babies" and keep digging for…

2 years ago

FG targets fresh N3.8trn non-oil revenue, N160bn oil income

The Federal Executive Council (FEC) has approved reforms to shore up the non-oil revenue to N3.8 trillion and oil revenue…

2 years ago

EFCC arrests 5 suspected oil thieves in Rivers

The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested five suspected oil bunkerers for dealing in petroleum…

3 years ago

UTM Offshore, Afreximbank sign $2bn MoU for Nigeria’s floating LNG project

UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $2 billion for…

3 years ago

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