The Nigeria Security and Civil Defence Corps (NSCDC), Edo State Command, has intercepted a truck laden with 45,000 litres of suspected illegally-refined petroleum products. The State Commandant of the NSCDCM, Mr Makinde Ayinla, made the disclosure to the News Agency of Nigeria (NAN) in Benin on Tuesday. Ayinla said that the truck was intercepted at…
By Julianne Geiger The American Petroleum Institute (API) reported a huge build of 9.88 million barrels of United States crude oil inventories for the week ending October 19, compared to analyst expectations that this week would see a hefty build in crude oil inventories of 3.694 million barrels. Last week, API reported a surprise draw…
A deep research into the unemployment rate in Nigeria which has reached a sky-high level reveals that incessant power failure was one of the major problems confronting the nation’s economy. This drift has led to the gradual collapse of manufacturing industries in Nigeria. It is worrisome that Nigeria has not had it so good in…
Damilola Shittu with Agency Report President of the Senate, Bukola Saraki, said the National Assembly will continue to mount necessary pressure to get presidential assent to the Petroleum Industry Governance Bill. Saraki spoke at a dinner organised as part of activities at the ongoing 24th Nigerian Economic Summit in Abuja on Monday. The News Agency…
