Fuel subsidy rises to N27.81 Per Litre -PPPRA
…FG paying N1.53bn daily
The amount the Federal Government, through the Nigerian National Petroleum Corporation, NNPC, is paying for subsidy on Premium Motor Spirit, PMS, also known as petrol, has risen to N27.81 per litre, according to!-->!-->!-->…
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Shell, Chevron, Dangote, NNPC lead Jobberman’s 2019 best 100 coys to work for in Nigeria
-By Kenny Folarin
Leading talent recruitment agency, Jobberman has unveiled the 5th edition of the annual best 100 Companies to work for in Nigeria at a well-attended event in Lagos.
The report provides comprehensive market!-->!-->!-->!-->!-->!-->!-->…
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Deregulation Needed to Sustain Petroleum Industry, Say Stakeholders
-By Kenny Folarin
OVH Energy Marketing Limited and the Major Oil Marketers Association of Nigeria (MOMAN) have reiterated the need for the deregulation of the nation’s petroleum industry, saying it remains the best way to sustain!-->!-->!-->!-->!-->…
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DPR’s Update on Nigeria’s Crude Output, Modular Refinery, Gas Reserves
The Department of Petroleum Resources (DPR) said that the nation had recorded a rise of 754 million barrels production capacity, pushing its oil reserves to 37 billion barrels including condensate and 199 trillion cubic feet of gas!-->…
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EITI Says NNPC is Global Leader in Declaring Monthly Financial Accounts
The Extractive Industries Transparency Initiative (EITI) has lauded the Nigerian National Petroleum Corporation (NNPC) as one of the global leaders in terms of publication of its accounts and data and urged other companies to emulate!-->!-->!-->…
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Why price of cooking gas fluctuates, by DPR
The Department of Petroleum Resources (DPR) has blamed the unstable pricing of Liquefied Petroleum Gas (LPG) or cooking gas on the non-regulation of the sector, market forces and importation.
At a zonal stakeholders’ meeting involving!-->!-->!-->…
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Border Closure: Nigeria’s trade sector slumps into recession, NBS Revealed
-By Kenny Folarin
Nigeria’s trade sector has slumped into recession as economic activities across the nation’s land borders remain grounded, fuelling its sustained contraction for the second consecutive quarter.
The trade sector!-->!-->!-->!-->!-->…
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Nigeria Debt Profile Hits N25.7trn in June 2019 – DMO
-By Kenny Folarin
The Debt Management Office (DMO) has revealed that Nigeria’s total debt profile reached N25.7 trillion as at June 2019.
Patience Oniha, DMO Director-General who disclosed this over the weekend in Abuja when she!-->!-->!-->!-->!-->…
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NNPC calls for collaboration among organisations to sustain nation’s GDP
Having collaborated with other oil companies in Nigeria previously, the Nigerian National Petroleum Corporation is calling for partnerships among organisations, governments, and industries.
Punch reports that the Group!-->!-->!-->…
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NEITI, NNPC to determine outstanding federation account revenue
A joint committee between the Nigeria Extractive Industries Transparency Initiative and the Nigerian National Petroleum Corporation on the findings and recommendations contained in NEITI reports has been inaugurated.
Speaking at the!-->!-->!-->…
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