News

September preliminary export programmes emerged for several grades of Nigerian crude, including Qua Iboe. Nigeria’s Qua Iboe crude oil stream will export six cargoes in September plus two deferred from the previous month, down from…
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The Indian High Commissioner to Nigeria‎, Abhay Thakur, ‎has disclosed his country’s readiness to offer the Nigerian government a credit line that would see to the revival of its four key refineries across the country, and other oil…
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President Muhammadu Buhari Nigeria’s rising debt profile is fast becoming a worrisome trend. Successive governments have, over the years, spent a large chunk of the country’s revenue to service debts. Analysis of…
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A Nigerian Imam who saved 262 Christians from killer herdsman by hiding them in his mosque and home has been honoured by the US government. Abubakar Abdullahi, 83, received the International Religious Freedom Award alongside four others…
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Nigeria earned N3.922 trillion from the export of crude oil and derivatives of petroleum in the first quarter of 2019, according to data obtained from the National Bureau of Statistics, NBS. In its Foreign Trade Statistics for the first…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday advised the Federal Government to deregulate the downstream oil sector so as to attract investors and end fuel scarcity. Its National Vice President, Alhaji…
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Every observer of global development has remarked that the ambitious Dangote refinery project will be one of the most outstanding marks of progress in the world, particularly as the project is set to tackle a major development issue in…
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A BRT bus has reportedly caught fire at Anthony Bus Stop, Ikorodu, Lagos. In a video we sighted, the bus could be seen burning in the middle of the road with thick white fumes emanating from the burning bus. Reports…
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…Crude valued at $7.1billion offered in swaps The Nigerian National Petroleum Corporation (NNPC) has issued award letters to oil companies for contracts to exchange crude oil for imported fuel for another one year, a clear…
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...In Buhari's second term Investors’ 11-year wait for the Nigerian government to open up Africa’s biggest crude industry may be over. An overhaul of oil policy that’s been in the works for more than a decade is among a raft of laws…
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