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A rise in oil demand growth this year will be offset by a sharper increase in non-OPEC supply, OPEC said in its monthly oil market report published yesterday, even as Nigeria’s crude production last month, aligned with its quota of 1.77…
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British-Nigerian boxer Anthony Joshua showed how much of a Yoruba boy he is when he met with President Muhammadu Buhari earlier on Saturday, January 18. The heavyweight world boxing champion was hosted by Buhari in London, UK, where the…
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-By Saidu Abubakar The Minister of State for Petroleum Resources, Chief Timipre Sylva has revealed that the federal government is working towards providing an alternative petrol for Nigerians to cost between N95 and N97 per litre. He…
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*Buhari to declare summit open The Minister of State for Petroleum Resources, Timipre Sylva, has declared his readiness to host the global oil community in Abuja during the forth-coming Nigeria International Petroleum Summit (NIPS) in…
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*HOW TO KNOW THE LEVEL OF YOUR GAS CYLINDER CONTENT AND EXPIRY DATE!!! The importance of this cannot be overemphasized. Pls take note. You do not have to shake the gas cylinder to know the level of its content. Just wet a side of…
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The Federal Government has issued 45 licenses to private companies for the construction of refineries including modular refineries and as the licenses expire this year, many will fail to reach commissioning, analysis shows. All the…
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By Emmanuella Edun-Adedeji It was Nelson Mandela that said and I quote " I learnt that courage is not the absence of fear, but the triumph over it". Being sceptical and afraid of certain ventures is part of our human anatomy and…
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*Lekoil gave $600,000 to consultancy that promised to help arrange loan from QIA A small Nigerian oil company has revealed an alleged scam after handing over $600,000 to a consultancy which had promised to help to arrange a loan from…
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•Directs oil firms with LTEs to brace-up The Department of Petroleum Resources (DPR), yesterday, reiterated the need to strengthen local refining of petroleum products in efforts to meet demand and reduce capital flight through import…
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There is a major false belief about the oil industry that's held by most of the public and only serves to get you to buy crude over a longer period. That belief: Oil companies and organizations like OPEC want crude prices to be…
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