The Nigerian National Petroleum Corporation (NNPC’s) under-funding cash calls hit 2.5 billion dollars in 2016, says Dr Maikanti Baru, its Group Managing…
Category:
Oil and Gas
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Dangote Group said its 650,000 barrels per day capacity refinery currently under construction in Lagos would come on stream by the end…
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BusinessEconomyFinanceNewsOil and Gas
FG, World Bank sign risk guarantee agreement for $500m Calabar gas plant
The Federal Government and the World Bank have signed a Partial Risk Guarantee (PRG) agreement for the supply of gas to the…
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The Nigerian National Petroleum Corporation (NNPC) has reported a month-end trading deficit of N11.22 billion in August. The figure was obtained on…
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The market capitalisation of the Nigerian Stock Exchange (NSE), appreciated by N11 billion or 0.12 per cent to close at N9.360 trillion…
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The Nigerian National Petroleum Corporation (NNPC) has said that from January 2016 till date, government lost $7bn, about N2.1tn, to the activities…
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Nigeria National Petroleum Corporation NNPC yesterday said that it is no longer feasible to continue to sell fuel at N145 per liter…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru yesterday said that modalities are being worked out…
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The Minister of State for Petroleum, Dr Ibe Kachikwu on Monday refuted media reports of possible increase in the prices of petroleum…
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Nigeria’s revenue from crude oil sales dropped lower to N1.203 trillion in the first half of 2016. It dropped by N577 billion…
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday blamed the continued fall in the value of the naira…
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BusinessEconomyNewsOil and Gas
Naira dips against dollar as oil prices rise on OPEC plan to cut production
The Naira on Monday depreciated against the dollar at the parallel market, just as crude oil prices hit five-week highs yesterday, gaining…
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BusinessEconomyFinanceNewsOil and Gas
FG saves N1.4trn from deregulation, to release N100bn for capital project –Osibanjo
Federal Government said yesterday that it has saved about N1.4 trillion that would have been paid as subsidy to oil marketers as…
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Transnational Corp. of Nigeria Plc has suspended plans to build one of the nation’s biggest power plants as a local gas shortage…
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Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, painted a gloomy picture for the Nigerian economy, stating that Nigeria’s crude…