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By Danlami Nasir Isah PAN Nigeria Limited has launched the much awaited Peugeot Pickup in Abuja, the Federal Capital Territory on Thursday. The commercial launch, which was conducted by the Director-General of the Nigerian Automotive…
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The Major Oil Marketers Association of Nigeria has said most oil marketing companies in the country are running at a loss, while many have closed shop as a result of the “tough operating environment.” The new Chairman, MOMAN, Mr…
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The last time Pan Nigeria produced its last edition of a Peugeot pickup vehicle was 14 years ago. However, the Nigeria-affiliate of the French auto brand just launched a pickup model into its Nigerian market The vehicle is…
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Four international anti-graft groups have protested against plans for an out-of-court settlement with Royal Dutch Shell (RDS) Plc and Shell Nigeria Exploration and Production Company (“SNEPCO”) over Oil Prospecting Licence (OPL) 245, which…
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With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those changes take time and renewed deep-water oil and…
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The Nigerian National Petroleum Corporation says it has blocked leakages in the country’s oil and gas downstream sector valued at $1bn (N307bn at the official exchange rate of N307 to a dollar) per annum. The corporation said the…
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Henry Ikem Obih, chief operating officer, Downstream, Nigerian National Petroleum Corporation on his country’s plan to become a refining hub and its cooperation with the energy industry in Niger Nigeria and the Republic of Niger…
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Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.92 per barrel…
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Crude oil futures settled on Wednesday after the release of American Petroleum Institute data showing a draw in US crude stocks, with bearish factors generally dominating the market. Brent crude futures settled at $60.53/per barrel, while…
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Eko Refinery and Petrochemical Company has appealed to the Federal Government to support local refiners with sovereign guarantees loans for the completion of their modular refineries. Mr. Emmanuel Iheanacho, the Chairman of the Company,…
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