In a bid to address the persistent challenges of pipeline vandalism and crude oil theft plaguing Nigeria's petroleum sector, the federal government is turning to Artificial Intelligence (AI) for innovative solutions. Ambassador Nicholas Agbo Ella, the Permanent Secretary of the Ministry of...
The average loss to vandalism and theft on system 2B, a pipeline used by the Nigerian National Petroleum Corporation (NNPC) to transport petroleum products from Atlas Cove Jetty in Lagos to all the depots across the country, has hit N64.8 billion in the last one year....
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Nigeria’s external reserves fell by 2.8% to US$23.948 billion as at October 27, 2016, compared with the US$24.615 billion it was as at September 27, 2016, as attacks of oil installations continues in the Niger Delta region.
The latest external reserves position released by the Central Bank of...
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