Business & Finance

...Transferred N42.8bn to Federation Account in January Nigerian National Petroleum Corporation (NNPC) says it made gross receipts of N281,745,463,616.80 ($345,683,662.11) from the crude and export sales in December 2018 but eventually…
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...Corporation suffers 197 pipeline-vandalised points in one month The crude oil and gas exports by the Nigerian National Petroleum Corporation (NNPC) have hit $5.97 billion in one year. The corporation, which revealed this in its…
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A total of 735 Million Standard Cubic Feet of gas per day (mmscfd) was delivered to gas fired-power plants in November 2018 compared with October 2018 where an average of 627mmscfd was supplied, a release by the Nigerian National Petroleum…
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*FG records N3.4tr deficit in 2018 *Oil price rises to $63.02 Nigeria’s oil revenue shop up by 129 percent to N9.4 trillion in 2018 buoyed by increased crude oil price. Vanguard analysis revealed that average price of…
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The Minister of State for Petroleum Resources Dr. Ibe Kachikwu has announced that the Phase 1 scope of the Front End Engineering and Design (FEED) of the Nigeria Morocco Gas Pipeline (NMGP) is expected to be completed by the end…
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The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, yesterday dropped the hint that the ministry would consider ways of securing import waivers for the implementation of the Project 100, where it is necessary. The…
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No fewer than 60 indigenous oil and gas companies are to benefit from the federal government’s business intervention Project called “Project 100”. No fewer than 60 indigenous oil and gas companies are to benefit from the federal…
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Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz, yesterday, identified sanctity of contracts, lower production cost and friendly operating environment as the most important factors needed to be in…
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The federal government has expressed its preparedness to support 100 indigenous oil and gas companies operating in Nigeria to overcome their existing market challenges and grow to become big energy conglomerates. It said this was part…
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Experts in the financial services industry have reiterated that regulatory and policy choices, as well as the forthcoming general elections, and some global economic developments, particularly crude oil pricing, remain key determinants to…
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