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Nigerian Lawmakers Grill Shell, Total, Other Over Alleged Tax Evasion

The House of Representatives on Wednesday grilled Shell Petroleum Development Company of Nigeria, Total Energies and First E and P over alleged tax evasion. The...

Ingige Identifies Cause of Crude Oil Theft in Nigeria

The Federal Government has attributed the menace of crude oil theft to the worsening unemployment situation in the country. Dr Chris Ngige, the Minister of...

Oil Prices Rebound From Early Dive As Reports Vary on OPEC+ Output

Oil prices whipsawed on Monday, diving early to their lowest since early January but then rebounding as reports varied about whether Saudi Arabia and...

Oil Prices Fall On Easing Geopolitical Tension

Oil prices fell more than 3% on Thursday as rising numbers of COVID-19 cases in China and the suggestion of higher rates than currently...

Oil Marketers Advocate Naira Transactions in Ports

The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey...

OPEC Cuts Oil Demand Growth Forecast Again As Economic Challenges Mount

OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure,...

Petrol Stock Dips By 5.48m Litres, As Queues Persist In Nigeria

The Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, popularly called petrol, dipped by 5,481,239 litres, according to industry data released on...

Portugal Seeks To Become Major Exporter of Green Hydrogen

Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros...

Motorists Decry Lingering Fuel Scarcity, Want FG’s Intervention

Many motorists in the Federal Capital Territory (FCT) have decried the lingering fuel scarcity being witnessed in the territory and environs. The motorists, who spoke...

Oil Prices Drop in Choppy Trade on Mixed China COVID signals

Oil prices edged lower on Monday, paring gains after rising to more than two-month highs, on mixed signals over strict COVID-19 restrictions in China,...

Oil Prices Rise, As Dollar Loses Value and Supply Risks Linger

Oil climbed today ( Friday),  as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on...

Nigeria Develops Framework on Oil, Gas Pipeline Assets Concession

The Ministry of Petroleum Resources of Nigeria has developed a framework for the concessioning of oil and gas pipeline assets. The Permanent Secretary, Ministry of...

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Coscharis Motors Partners AIICO and Tangerine on Quality Auto Insurance

ROTIMI ASHER Coscharis Motors, one of the Nigeria’s leading automobile companies, has partnered two reputable insurance companies, AIICO Insurance Plc and Tangerine towards providing cost...

UK insurers Face Watchdog Crackdown for Undervaluing Cars

Britain's financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking...

Lagos Government Commences Issuance of International Driver’s Permit

ROTIMI ASHER The Lagos State Government has concluded plans to commence the issuance of International Driver’s Permit effective from December, 2022. The Director, Vehicle Inspection Service...

Engineering Student Produces Truck in Nigeria

A Ph.D student from the Faculty of Engineering, University of Benin, has produced and showcased a one-tonne utility truck. The vehicle was developed by...