Nigeria is one of those countries in Africa that has a wide variety of different natural resources. Nigeria is richly endowed with a variety of Natural Resources raging from precious metals various stones to industrial such as Barites, Gypsum, Kaolin and Marble. Most of these are yet to be exploited. Statistically, the level of exploitation […]
A breakdown of oil leases granted operators showed that the total number of Oil Mining Leases (OMLs) in operation in Nigeria by December ending 2012 was 109, while Oil Prospecting Leases (OPLs) stood at 92. The Federal Government of Nigeria had in 2012 set a production target of 2.48 million barrels per day (mbpd), of […]
Being an oil rich country and the largest oil producing country in africa nigeria has survived a tough crisis connected with the downfall of the crude oil industry. The government introduced the fuel subsidy in nigeria, which has lasted for many years. When did it all began and what is fuel subsidy? Nigeria is the […]
Oil was found in nigeria in 1956 at oloibiri in the niger delta after 50 years of investigation. Following the disclosure of unrefined petroleum by shell d’arcy petroleum, pioneer generation started in 1958 from the organization’s oil field in oloibiri in the eastern niger delta. Oil was found in nigeria in 1956 at oloibiri in […]