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The Executive Vice President, Downstream, Nigerian National Petroleum Company (NNPC) Limited, Adedapo Segun, has said the Port Harcourt Refinery is on course to produce petrol. He spoke in Lagos at the weekend. According to him,…
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H.E. Gabriel Mbaga Obiang Lima By William Emmanuel Ukpoju In a significant move to propel Central Africa's energy landscape, H.E. Gabriel Mbaga Obiang Lima, former Minister of Planning and Economy and Minister of Mines and…
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The BRICS economic bloc is quickly expanding its influence, with 34 countries expressing interest in joining its activities, according to Russian President Vladimir Putin, reflecting the bloc’s ability to provide an alternative to the…
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The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidies, rising import costs, and increased external debt servicing could negatively impact the growth of the nation's external reserves in 2024/2025.  This was…
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The Nigerian National Petroleum Company (NNPC) Limited has disclosed why buying and importing petrol from Dangote Refinery is a challenge for oil marketers. Addressing members of the press on Monday, Executive Vice-President,…
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Contrary to its assurances, the Nigerian National Petroleum Company Limited (NNPC) and independent marketers have continued to import substandard and off-specification Premium Motor Spirit (PMS), also known as petrol, into Nigeria. …
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The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a new petrol pump price, sparking widespread reactions from oil marketers across the country.The Major Oil Marketers Association of Nigeria (MOMAN), Independent…
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I am not sure what to make of the news that there is finally an agreement in place which will see NNPC starting to load petrol from the Dangote Refinery from 15th September, which it will then push on to marketers for onward…
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CBN Headquarters Nigeria’s external reserves recorded an increase of $424.68 million between August 30 and September 10, highlighting an improved financial outlook for the country. Data sourced from a report by the Central Bank of…
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A former Chairman of the Society of Petroleum Engineers (SPE), Nigeria Council, Mr. Joe Uwakwe, has raised the alarm that cross-border smuggling of petrol was hurting the economy. Uwakwe disclosed this at a webinar organised…
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