Tag: 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 the PCK refinery in...
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 to mid-2023 sequel to the...
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 oil.
Musk, who has repeatedly...
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 to N160 billion annually.
Senior...
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 products without requisite licence...
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 the development of Nigeria’s...
