The Federal Government of Nigeria has been urged to ensure adequate preparation before the introduction of the use of Compressed Natural Gas (CNG) by the nation’s motorists. Prof. Wumi Iledare, a Professor of Petroleum Economics and former President, Nigerian Association of Energy Economics (NAEE) made the statement on Tuesday in an interview with the News…
Addressing vulnerabilities throughout the supply chain requires ownership from everyone, says BIL infotech director The average total cost to an organisation of a data breach is $3,86 million, according to a report released last month by multinational technology company IBM. Its “Cost of a Data Breach Report 2020”, surveyed from August 2019 to April 2020,…
Crude oil prices remained steady today, Monday, as storms closed in on the Gulf of Mexico, shutting more than half the region’s oil production. Although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns, Brent futures slipped two cents, or 0.1 per cent to $44.33 a barrel by 0316 GMT…
The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million it posted in May 2020. The corporation disclosed this in its June Monthly Financial and Operations Report (MFOR) released on Sunday in Abuja. It said that the amount signaled a…
