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Oil & Gas - Page 112

Insurance Retreat, Iraq Warning, China’s Pressure Deepen Strait of Hormuz Crisis

Traffic through the Strait of Hormuz the narrow, strategically vital waterway linking the Persian Gulf to the Gulf of Oman has slowed sharply amid escalating regional tensions, threatening one of the world’s most critical energy arteries. The passage carries roughly a fifth

March 4, 2026

News·Oil & Gas

Oil Price Falls To $72.39 As OPEC Expands Production

Oil prices witnessed a sharp fall on Monday after members and allies of the Organisation of Petroleum Exporting Countries agreed to boost output. Brent, the crude against which Nigeria’s oil is priced, fell by $1.2 per barrel to $72.39 per barrel as

July 19, 2021

News·Oil & Gas

Nigeria’s External Reserves Decline By $180m In Two Weeks

Nigeria’s external reserves lost $180m in two weeks, the latest figures from the Central Bank of Nigeria indicates. The figure which stood at $33.28bn on July 1, has dropped to $33.09bn as at July 12 before a slight rise to $33.1 bn

July 19, 2021

News·Oil & Gas

AUSTIN AVURU: No Panic Button, Oil Will Still Be Relevant In 30 Years

In the most aggressive transition to sustainable energy away from fossil fuels by 2050, oil and gas will (still) be contributing 35% to the energy mix PRIME Business Africa’s correspondents VICTOR EZEJA and DONATUS ACHIKWUBE capture Austin Avuru, former CEO of

July 16, 2021

Supreme Court Grants Financial Autonomy To LGs, Bars Govs From Dissolving Councils

Oil & Gas

Supreme Court Orders FG Not To Cede 17 Oil Wells To Imo

The Federal Government of Nigeria has been restrained by an order from the Supreme Court not to cede the 17 disputed oil wells to Imo state. The Supreme Court, on Wednesday, issued an injunction to halt the Federal Government plan to cede

July 14, 2021

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

News·Oil & Gas

Energy Transition: Industry players say no cause for alarm

Top professionals in the oil and gas industry have allayed fears that the much-talked-about energy transition might result in the collapse of Nigeria’s oil-dependent economy. This formed part of the discussions in the 24th episode of the Nigeria History Series (NHS) hosted

July 5, 2021

News·Oil & Gas

‘PIB, a criminal document to enslave the Niger Delta people’

The Petroleum Industry Bill (PIB) is a criminal document put together by honourable thieves as a tool to plunder our land and resources and to further enslave the Niger Delta people. This is the position of the Niger Delta Congress in a

July 5, 2021

Founder of Centre for Values in Leadership Prof. Pat Utomi

Events·News·Oil & Gas

Pat Utomi’s Centre for Values in Leadership hosts episode 24 of the Nigeria History Series

Chairman of the Editorial Board of Prime Business Africa and founder of the Centre for Values in Leadership (CVL), Prof. Pat Utomi, will today Sunday, July 4 host oil and gas industry professionals in another episode of the Nigeria History Series (NHS).

July 4, 2021

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Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Ellah Lakes Plc’s ambitious N235 billion public offer has ended

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Oil & Gas - Page 112

Insurance Retreat, Iraq Warning, China’s Pressure Deepen Strait of Hormuz Crisis

Oil Price Falls To $72.39 As OPEC Expands Production

Nigeria’s External Reserves Decline By $180m In Two Weeks

AUSTIN AVURU: No Panic Button, Oil Will Still Be Relevant In 30 Years

Supreme Court Orders FG Not To Cede 17 Oil Wells To Imo

Energy Transition: Industry players say no cause for alarm

‘PIB, a criminal document to enslave the Niger Delta people’

Pat Utomi’s Centre for Values in Leadership hosts episode 24 of the Nigeria History Series

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Insurance Retreat, Iraq Warning, China’s Pressure Deepen Strait of Hormuz Crisis

Dangote Cement Records 20% Increase in 2025 Revenue

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Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

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Oil & Gas - Page 112

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