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LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced the results of the investigation into the origination and execution of the loan agreement, first announced by the Company on…
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The analysis and investment firm CardinalStone, based in Nigeria, invited investors to sell the shares of Total Nigeria from their portfolios. The main argument put forward is that this company listed on the Lagos financial market…
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*DPR extends bid submission due date of the request for proposal by six weeks The Federal Government has disqualifued applications by 600 firms as the race for multi- million dollars gas flare monetisation contracts hots up. The…
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Amid fears of declining global demand of petroleum, the Petroleum Products Pricing Regulatory Agency has assured Nigerians of sufficient timeproducts. According to a statement signed by the agency’s Executive Secretary, Abdulkadir…
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The Department of Petroleum Resources (DPR) generated N2.4 trillion last year, it was learnt at the weekend. Its Director/Chief Executive Officer, Sarki Auwalu, stated this when the Senate Joint Committee on Petroleum paid an oversight…
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OPEC for now is planning to hold its ministerial meeting as scheduled this week, pending a final decision Monday with a teleconference under consideration, sources told S&P Global Platts. “At the moment, we are proceeding with our…
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*To start operation early 2021 According to the Appex Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, the supposed biggest oil Refinery in Africa is set to employ atleast 70,000 Nigerians when it begins operation in 2021. …
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Some northern youths on Sunday descended on the rich as well as the political elite in the region for not touching the lives of the people. Specifically, the youth, under the aegis of the Arewa Youth Assembly, carpeted the northern…
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The West African Gas Pipeline Company Limited (WAPCo) has disclosed that it would be resuming natural gas supply from Nigeria to its customers in the Republic of Benin, Togo, and Ghana. WAPCo, which is the operator of the West African…
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The sharp drop in crude oil prices on the back of the spread of coronavirus has wiped off subsidy on petrol, with the landing cost of the product hitting a record low, ’FEMI ASU reports The expected open market price of Premium Motor…
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