Economy

By Enyichukwu Enemanna JPMorgan Chase & Co. analysts have warned that global oil prices could reach a “stratospheric” $380 per barrel if US and European economic sanctions prompt Russia to take a retaliatory measures by declaring...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have presented insurance services guidelines to key players in the oil and gas industry. The guidelines were presented by...

John Ikani Algeria says it has reached a deal with three “partners” to increase prices of its natural gas exports. The agreed hike comes at a time that Europe is desperate to boost supplies from the...

By John Ikani The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote says major International Oil Companies (IOCs) have made significant investments in support of the ongoing development of the...

By John Ikani  Protesters stormed Libya's Parliament building in the eastern city of Tobruk on Friday, demonstrating against deteriorating living conditions and political deadlock, Libyan media reported. Several television channels said that protesters had managed to...

By Ebi Kesiena President of Sierra Leone, Julius Maada Bio has reiterated his government’s commitment to supporting oil marketing companies for the importation of fuel amidst the global crisis to mitigate the impact on Sierra Leoneans....