Onome Jackson,reporting. The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned of a looming danger ! He is warning that the crude oil and gas ,which God has bless us with, and the major sustenance of our economy is going down ! He frankly posits that Nigeria might resort to importing crude oil ...
November, 2023
May, 2016
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13 May
Nigeria loses 400,000bpd as Shell declares force majeure
With the declaration of force majeure on Bonny Light exports by Shell Petroleum Development Company of Nigeria Limited, about 400,000 barrels per day of Nigeria’s production has now been shut in. Force majeure is a legal clause that allows an oil firm to stop shipments without breaching contracts. The oil major said in a statement signed by its spokesperson, Mr. ...
March, 2016
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8 March
Dangote Advices Buhari On Oil Price;..Block Leakages, Diversify
Dangote said the fall in crude oil price was not a curse and that the nation must use the opportunity to explore the potential in other sectors of the economy. He said, “This is the right moment to pursue the diversification of the economy, which we have been talking about. I know that once oil gets back to $80 per ...