Oil slides after API reports huge crude build

By Julianne Geiger The American Petroleum Institute (API) reported a major build of 9.75 million barrels of United States crude oil inventories for the week ending October 5, compared to analyst expectations that this week would see a much smaller build in crude oil inventories of 2.62 million barrels. The build is the largest build…

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Anxiety as petrol landing cost hits N205

By Oke Peter The landing cost of the Premium Motor Spirit (petrol) being imported into the country has risen to at least N205 per litre on the back of the recent increase in global oil prices, putting more pressure on the Nigerian National Petroleum Corporation. The NNPC has been the sole importer of petrol into…

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11 burnt in Abuja restaurant gas explosion

Oke Peter with Agency Report Eleven people on Wednesday in Abuja suffered various degrees of burns from a gas explosion that occurred at Rosy Restaurant Area 11. An eyewitness reports that the victims who were immediately taken to Asokoro general hospital suffered some 40 to 50 degree of burns. Apregnant woman, who simply identified herself…

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Total, NNPC inaugurate solar system in centre for ‘special children’

By Damilola Shittu Energy giant, Total, the Nigeria National Petroleum Cooperation (NNPC) and other ancillary companies have commissioned alternative energy, solar system at the Don Guanella Center, at Nnebukwu community in Oguta Council Area of Imo State. The Center operated by the Catholic Church, houses mentally deranged children and those living with down syndrome, as…

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Total advocates sustainable economic agenda

By Damilola Shittu To actively support nation-building efforts in line with the United Nations’ (UN) Sustainable Development Goals (SDGs), Total E&P Nigeria has reiterated its commitment to providing employment opportunities through capacity building, and ensuring sustainable economic growth. Total explained that such capacity-building is one of the ways to transform the society through human, social…

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Agency faults minister’s claim about number of miners in Nigeria

A fact-finding agency has faulted the claims of the Minister of Mines and Steel, Abubakar Bwari, who said that millions of Nigerians survive on artisanal and small-scale mining. The Punch has reported. Africa Check, an independent fact-checking organisation, quoted Bwari as saying, “With the renewed interest in mining brought about by the current administration’s diversification…

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