Minister of Finance Hajia Zainab Ahmed has retracted government earlier decision to remove fuel subsidy in July 2022. She told the National…
Category:
Oil and Gas
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Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to…
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NewsOil and Gas
Dangoteâs petrochemicals, fertiliser plant will accelerate Africaâs economic growthâAfDB
President of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised project to…
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NewsOil and Gas
Addax Licence: NUPRC assures stakeholders of transparency in Upstream Petroleum sector
Chief Executive Officer (CEO), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Mr Gbenga Komolafe, has assured stakeholders of the Commissionâs resolve to ensure…
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Vice President Yemi Osinbajo has said that “The world should not have to choose between energy poverty and climate change as this…
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State Governors under the aegis of Nigeria Governors’ Forum, NGF have resolved to engage the Nigeria Labour Congress, NLC and the organised…
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NewsOil and Gas
Oil prices inches up to $88, gain for Nigeria govt but pain for Nigerians as petrol landing cost will rise
Brent crude oil prices rose to its highest since October 2014 after it hit $88.4 on Tuesday as drone attacks on targets…
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African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction…
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Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit…
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As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to…
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China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays as part of a plan coordinated…
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Microsoft is investing US$50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said.The…
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Brent crude futures were up 47 cents, or 0.6%, at $84.19 a barrel while U.S. West Texas Intermediate crude futures were up…
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Anglo-Dutch oil giant, Shell Petroleum Development Company (SPDC) on Tuesday confirmed the invasion and shut down of its Opukushi oil facility by…
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Rising energy prices may force the European Central Bank to stop “looking through” high inflation and act to temper price growth, particularly…