Tinubu Set To Sell Government’s Stake In NNPCL, 19 Others
The Federal Government is considering selling its stakes in about 20 state-run companies to bolster revenue amid pressing financial challenges.
According to a Bloomberg report, the Nigerian National Petroleum Company Limited is one!-->!-->!-->!-->!-->…
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AEC Launches African Energy Outlook
By Moses Patience Chat
Following a successful Q1 2023 Outlook, which provided investors with the insights they needed to make informed decisions on the African energy market, the African Energy Chambers (AEC) has announced the!-->!-->!-->!-->!-->…
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Ogoni Movement Denies Receiving $300m Compensation from NNPCL
By Moses Patience Chat
The Movement for the Survival of the Ogoni People (MOSOP) has denied receiving a compensation of $300 million from the Nigerian National Petroleum Company Limited (NNPCL) to facilitate resumption of oil!-->!-->!-->!-->!-->…
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Establishing More Refineries will not Lower Fuel Cost- Ngelale
Adaobi Rhema Oguejiofor
The Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs, Ajuri Ngelale, has said that establishing more refineries in Nigeria will not result in lower petrol prices.
Ngelale,!-->!-->!-->!-->!-->!-->!-->…
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NOGASA Speaks on Looming Fuel Scarcity as Foreign Exchange Scarcity Torments Oil Marketers
Adaobi Rhema Oguejiofor
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has advised consumers, particularly those residing up north, to prepare for a new round of fuel scarcity.
The National President of!-->!-->!-->!-->!-->!-->!-->…
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BudgIT Requests Accountability On Tinubu’s Promises on Subsidy Removal
Adaobi Rhema Oguejiofor
BudgIT, a civic-tech organization that is leading the advocacy for transparency, accountability, and effective service delivery in Nigeria, has requested for the immediate release of a transparency and!-->!-->!-->!-->!-->…
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FCMB Offers N10mn Clean Energy Loan to Households, Small Businesses
By Moses Patience Chat
First City Monument Bank (FCMB) Headquarters on Marina, Lagos Island has offered Nigerian households and small businesses a N10 million loan to acquire solar panels, inverters, and other green energy!-->!-->!-->!-->!-->…
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Nigeria’s oil output to rise as Shell resumes exports at Forcados terminal
Nigeria’s oil output could improve as Shell Petroleum Development Company (SPDC) says it has resumed loading on Nigeria’s Forcados crude oil after a months-long outage over a pipeline leak at the export terminal.
Exports from!-->!-->!-->!-->!-->…
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7.5% Tax On Diesel Pushes Price To N950/Ltr
Oil marketers lament FOREX crisis, seek rate uniformity -Asks FG to prioritize modular refineries
The implementation of 7.5 per cent Value Added Tax on Automotive Gas Oil(AGO), also known as diesel, has driven the product price!-->!-->!-->!-->!-->!-->!-->…
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NLC Threatens Nationwide Shut Down if Petrol Price Rises Further
The Nigeria Labour Congress (NLC) has threatened a comprehensive and indefinite nationwide shutdown of the country if there is any further hike in the pump price of petrol from the current 617 naira.
There are reports that NLC!-->!-->!-->!-->!-->…
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