Briton, Nigerian oil workers Feared Dead, Many Missing As Seplat Oil Rig Collapses

There is palpable anxiety as five Nigerian oil workers and a Briton are feared dead while five others are missing at a Seplat Energy rig accident involving the Majestic rig at Ogboren near Ovhor Oilfield, in Sapele Local Government, Delta State. Reports say

NNPCL Restores Crude Oil Operations At Forcados Terminal After One Month Of Production Shutdown

Hope for an increase in crude oil production has been rekindled as Nigeria’s crude oil production is expected to rise by at least 350,000 barrels per day, THE WHISTLER reports. This is as a result of the decision of the Nigerian National Petroleum

JUST IN: Nigeria’s Inflation Rises To 24.08% In July 2023

Nigeria’s inflation spiked to 24.08% in the month of July 2023, representing a 129 basis-point increase compared to 22.79% recorded in the previous month. The latest figure also represents the sixth consecutive increase in the headline index this year. This is according to

Petrol: There’s No Plan To Hike Pump Prices – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has debunked rumours that it is working on a new proposal to raise the price of Premium Motor Spirit, popularly known as fuel. The NNPCL in a message posted on its X page, (formerly Twitter) on

Subsidy Removal: NLC Chickens Out, Says, Strike Will Only Commence Without Notice If Fuel Pump Price Is Increased Again

The Nigeria Labour Congress (NLC) may have chosen to swallow the bitter pill of settling for the present pump price of between ₦595 and ₦630 per litre. The President, Comrade Joe Ajaero of the NLC tacitly revealed this when he said that the

State Of The Nation: Bakare Supports Subsidy Removal, Tells Tinubu To Repent Of Sins, Kill Corruption, Not Nigerians

The fiery Pastor of the Citadel Global Community Church, formerly the Latter Rain Church, Tunde Bakare, yesterday, declared his support for the removal of the fuel subsidy but but was quick to frown at the growing strength of corruption in the system. Acknowledging

Seplat Majority Shareholders (Eagle Eye) Endorse Sanctity Of Half-Year Results, Dismiss ISAN’s Allegations

A group consisting of shareholders with major stake in Nigeria’s indigenous oil giant, Seplat Energy, has vouched for the authenticity, sanctity and correctness of the company’s half-year results, which reported stellar performance. The group, Eagle Eye shareholders of Seplat Energy, also expressed confidence

Araraume, NNPCL Take Legal Battle To Court Of Appeal

Senator Ifeanyi Ararume has described as an abuse of the court process, the appeal by Nigerian National Petroleum Company Limited, NNPCL, seeking to upturn the judgment of a Federal High Court which ordered his reinstatement as the Non-Executive Chairman of the Board of

Food Security In Limbo: Over 128 Farmers Killed, 37 Kidnapped In 6 Months — SCI

As Nigerians hit refuse dumps in search of food to survive, Save the Children International, SCI, Monday, raised the alarm following a relentless wave of attacks against farmers in Nigeria by armed groups, with over 128 farmers killed and 37 kidnapped in six

Multinationals Groan As Dollar Loans, FX Scarcity Ground Operations

Businesses that took dollar loans are counting their losses as forex scarcity and naira depreciation continue to impact negatively on their operations. The ongoing reforms in the forex market, which saw the Central Bank of Nigeria (CBN) unify multiple exchange rates into the Investors’