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Industry expert has reiterated that Nigeria requires a steady investment of $25b annually to be able to generate 3m barrels per day, which can stimulate sustainable economic growth for the country. Mr. Ademola A.…
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The Kolmani River-II Well which drilling was flagged off recently by President Muhammadu Buhari is progressing satisfactorily, with drilling of 6,700 feet so far, the Group Managing Director of the Nigerian National Petroleum Corporation…
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The Group Managing Director of NNPC, Dr. Maikanti Baru, says the corporation is considering the extension of Ajaokuta-Kaduna-Kano (AKK) gas pipeline project to Algeria to ensure African integration. Baru disclosed this in a statement…
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The National Minimum Wage Act CAP N61 LFN (repeal and re-enactment) Bill, 2019, has been read for the third time and passed by the Senate today (Tuesday). A report by the Ad hoc committee on National minimum wage was presented…
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The Royal Dutch oil firm, Shell, has said its operations in Nigeria’s oil industry could face adverse impacts if the business environment in Nigeria deteriorates. Shell which has considerable interests in Nigeria’s oil industry and…
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The Health of Mother Earth Foundation and We the People yesterday asked the Federal Government to withdraw its order for resumption of oil exploration in Ogoniland. Nnnimo Basset and Ken Henshaw, Executive Directors of the groups said…
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The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil blend – the Bonny Light – was among the top price earners in its February Oil price Reference Basket (ORB), with a 7.7 per cent price gain from…
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Former head of state and elder statesman, Gen. Yakubu Gowon and group managing director of the Nigerian National Petroleum Corporation(NNPC) would be honoured at the second annual international conference and exhibition of the Oil and Gas…
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President Muhammadu Buhari has ordered full takeover of OML 11 operatorship from Shell – exactly 25 years after the company exited crude oil production in Ogoni land. The hurdles ahead of this move is examined A few days before…
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The price of Organization of Petroleum Exporting Countries basket of fourteen crudes stood at $66.91 a barrel on Friday, compared with $67.29 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…
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