The federal government has sent a vital message to Niger Delta youths that they should be well prepared for the future as oil will definitely dry up one day.
Lagos govt. has announced an indefinite ban on approval of construction of filling stations in the state through its physical planning commissioner Anifowose.
The Nigerian Senate has called for a massive sack in the Nigerian National Petroleum Corporation (NNPC) beyond the four officials already laid off by it.
Prices of world oil jumped up by 2 percent following US attack on a government-controlled airbase in Syria in retaliation for a chemical weapon attack.
Nigeria's ailing economy might receive a much needed boon as a new oil reserve which after being estimated is said to be able to generate upwards of N3trillion.
Governments of Nigeria and India have agreed on a $15billion transfer of funds to help the West African country out of economic recession.
He added that in order to give room for competition, he had to travel to Italy where he met with another oil exploring company - Agip Oil.
The beneficiaries include a former Head of State, a former Senate President, a former National Security Adviser (NSA), some senators