Oil at $200/barrel by yearend? The Philippine Star | It no longer sounds far-fetched… the $200 barrel of oil by year end. Last Wednesday, crude oil climbed above $144 a barrel before settling at $143.57, up $2.60 for the day. Oil prices briefly soared to a new high near $146 a barrel last Thursday, before easing as the dollar gained ground ag...
Nigeria arrests ex-air ministers BBC News | Two former aviation ministers have been arrested by Nigerian anti-corruption agents investigating the disappearance of $160m to buy radar equipment. | Femi Fani-Kayode and Babalola Borishade were detained after giving evidence to a Senate inquiry into the case. | Both men denied any wrong-doing an...
Reliance Money ties up with Lagos firm to enter Nigeria The Times Of India | | NEW DELHI: As part of its plan to expand its global footprint, Reliance Money on Sunday announced its debut in Nigeria, in a tie-up with Lagos-based industrial house Chellarams Plc. | T...
Brown to hold Nigerian oil summit The Guardian | The collapse of oil production in Nigeria amid escalating violence against Western oil interests and workers has prompted Gordon Brown to hold an emergency meeting with Nigerian president Umaru Yar'Adua. | Meeting this month in London, the Prime Mi...
Nigeria's first oil well is still source of woe San Diego OIL WELL NO. 1, Nigeria - Three decades after pumping its last drop, the first oil well in Nigeria is marked by a decrepit signboard bearing what would seem an uncontroversial statement: | Oloibiri Well No. 1, drilled June 1956, 12,008 feet. | But th...
Pump prices go up P1.50 The Manila Times | Local fuel pump rates are poised to increase again today, as world oil prices soared to new highs near $142 a barrel on Friday. | Pilipinas Shell Petroleum Corp. announced Friday...
"Rice Importation is a Palliative Measure" All Africa The Minister of Agriculture and Natural Resources, Dr. Abba Sayyad has said in ilorin that the Federal Government's plan to flood the Nigeria's market with imported rice is a tempo...
Pipeline Vandals Threaten Energy, Says Oil Firm All Africa The state of emergency which President Umaru Musa Yar'Adua is planning to declare in the power sector may not bring about the desired result except the Federal Government finds a lasting solution to the spate of gas pipelines vandalisation in the Nig...
Oil Community Affirms Commitment to Chevron Agreement All Africa People of Koluoma 1, a community in Southern Ijaw Local Government area of Bayelsa State, have re-affirmed their commitment to the Global Memorandum of Understanding (GMoU) signed with American oil giant, Chevron Nigeria Limited. | ...
Usman, Aondoakaa Absent At Aviation Probe Panel Sitting All Africa The Senate Committee on Aviation, probing the disbursement and application of the N19.5 billion Aviation Intervention Fund, said yesterday that it would get to the roots of the Bilateral Aviation Services Agreement (BASA) Account. | ...
Oil jumps to record $142 as dollar plummets, stock markets take tumble Daily Star Lebanon | US sees unexpected increase in stockpiles for first time in six weeks | By Agence France Presse (AFP) | Saturday, June 28, 2008 | LONDON: Oil prices struck record highs above $142 on Friday as the US dollar weakened and stock markets tumbled at the end of a volatile week for investors worldwide. New York light sweet crude hit a historic peak of $...
Need to know: Bear Stearns probe ... Chevron strike ... Arriva performs The Times | Economics | Business investment fell by 1.8 per cent in the first quarter, compared with the final quarter of last year, reflecting the increasing concern among companies about future economic conditions. However, investment was still 4.5 per cent higher compared with the first quarter of last year. The figures are revised from the preliminary es...
