Business & Finance

REN-operated Sines LNG import terminal in Portugal is set to receive a cargo of liquified natural gas from Nigeria later this week. The Sines LNG terminal will receive gas from the Nigeria LNG Bonny Island liquefaction plant via the LNG…
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The revenue loss by the Federal Government and international oil companies (IOCs) to crude theft has exceeded N5 billion daily, New Telegraph has learnt. A document of the Ministry of Petroleum Resources shared with the office of Vice…
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For a period spanning over ten years, 2008 to 2017, Nigeria lost as much as $28 billion from crude oil due to outdated Production Sharing Contracts (PSCs) it signed with international oil companies (IOCs) operating in the country, the…
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Nigerian Nembe Creek Trunk Line, a key oil pipeline to the Bonny terminal, has been shut down for four days now, its operator said Monday. Domestic producer Aiteo Eastern Exploration and Production, the operator of NCTL did not give…
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Nigeria’s refineries posted a cumulative loss of N114.3bn in the first 11 months of 2018, latest industry data have revealed. Figures obtained from the Nigerian National Petroleum Corporation on Friday in Abuja showed that the Kaduna…
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The victory of President Muhammadu Buhari at the just-concluded polls may create stability in the nation’s economy, particularly the oil and gas sector, but challenges confronting the industry may remain. Analysis by global…
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Nigeria earned a total of N5.54tn from oil revenue last year, figures obtained from the Central Bank of Nigeria revealed. The N5.54tn revenue was earned through three major oil revenue sources. They are crude oil/gas sales,…
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Group Maanaging Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has disclosed that capital investment in Africa’s oil and gas industry will attract about $194 billion from 2018 to 2025, out of which $48…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has called on investors to utilize the over $48billion investment opportunities available in the upcoming capital projects within…
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The Nigerian National Petroleum Corporation, NNPC, Thursday, disclosed that there are currently over $48 billion investment opportunities in the Nigerian petroleum industry, while it called on foreign investors to tap into these…
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