Economy

Three years after the Federal Executive Council of Nigeria took the final decision to approve the Nigeria International Petroleum Summit (NIPS), an African Petroleum Technology and Business Conference, the third edition of the event is…
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The opening ceremony of the Nigeria International Petroleum Summit covered an extensive range of opinions that provided delegates with a refreshing and holistic perspective of the current state of play in the global oil and gas industry…
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The Ministry of Petroleum Resources is looking to attract more investments from the United States and strengthen cooperation in the energy sector.The Minister of State for Petroleum Resources, Chief Timipre Sylva, was part of the…
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Huawei is expected to launch its Digital Oilfield IOT Solution NIPS2020. Nigeria is one of the largest and oldest oil producers in Africa. The oil and gas sector is one of the most important sectors in the country’s economy, accounting for…
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Exporters of Liquefied Natural Gas, including Nigeria, have been told to brace for an oversupplied market and weaker-than-expected global demand depressing prices for their output for another two years.Nigeria, which is among the top…
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Senate President, Ahmed Lawan has said, during a meeting with representatives of the International Monetary Fund (IMF) who visited him in Abuja, that atrategy has been planned, for the passage of the PIB, according to a statement by his…
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Standard Chartered Bank’s Chief Africa Economist Razia Khan, yesterday advised the federal government to initiate reforms that would prevent the economy from external shocks in the event of a slump in crude oil price.Speaking at the…
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-By Benjamin ImeOn Thursday, January 23rd, Nigeria and six other English-speaking countries, including Ghana, The Gambia, Guinea, Liberia, Sierra-Leone and Cape Verde met to review the controversy trailing the adoption of Eco currency…
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Nigerian National Petroleum Corporation (NNPC) has reported that crude oil export sales contributed $396.94 million or 82.14% of the nation’s dollar transactions in October 2019, compared with $267.97 million contribution in the previous…
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Nigeria exported $5.49 billion worth of crude oil and gas between October 2018 and October 2019, a report by the Nigerian National Petroleum (NNPC) has said.The report said that crude oil export sales contributed $396.94 million (82.14…
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