DDM News
The naira is under renewed pressure as Nigeria’s oil revenues take a sharp hit from falling global crude oil prices. Diaspora digital media (DDM) reports that...
Refiners on Monday said petrol price can drop below N400 per litre if crude oil price continues falling. According to media reports, the Crude Oil Refinery...
DDM News
Nigeria’s major oil marketers have continued importing refined petroleum products despite improved domestic refining capacity. Over five months, they imported 6.38 billion litres of Premium Motor...
DDM News
Before now, the Nigerian economy relied solely on crude oil proceeds, contributing nearly 90% of its revenue earnings. But today, PBAT’s economic reforms have changed Nigeria’s...
DDM News
Shell Petroleum Development Company (SPDC), a subsidiary of Shell Plc, has played a pivotal role in shaping Nigeria’s oil and gas industry for over six decades....
By Ita Benedict
Nigeria’s history with federalism and economic development is complex. Before the discovery of oil in the Niger Delta in 1957, Nigeria operated a federal system that...
Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira, the country’s legal tender. Accord to a statement from the Ministry...
A fresh report released by the Nigeria Extractive Industries Transparency Initiative has shown that in 2023, 153.44 million barrels of crude oil were deferred. The report...
The Nigerian Government may have finally woken from decades of slumber as national resources were either wasted, or outrightly and brazenly stolen by daylight robbers, especially...
