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Minister anticipates 2 million barrels per day crude oil production in 2024 

by Omono Okonkwo The Minister of State for Petroleum Resources, Heineken Lokpobiri has said that he anticipates a crude oil production of 2 million barrels per...

Nigeria’s NNPC winding down crude oil swap contracts, CEO says

ABUJA, June 4 (Reuters) - Nigeria's state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for...

Dangote refinery will contribute significantly to Nigeria economy growth- MOMAN

By Yusuf Yunus Mr Clement Isong, Chief Executive Officer(CEO), Major Oil Marketers Association of Nigeria (MOMAN), says Dangote Refinery through its production and ancillary industries...

FCMB Rallies Operators to Diversify and Stimulate the Economy –

Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude oil for foreign exchange...

Oando Plc faces delisting, suffers huge losses in 2020

Huge losses have forced Nigerian multinational oil company, Oando Plc, on the verge of voluntary delisting on the Nigerian Exchange Group (NGX).The company has...

Senate probes Shell over  alleged JV agreement  violation, wants $200m refunded to govt

The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and...

Chaudhuri & Hernandez: Nigeria is an Exceptional Oil-producing Nation

For the first time since the discovery of crude oil, Nigeria has been in a situation whereby when oil prices go up significantly, globally,...

Banks reward savings accounts with 1.28%, lending hits 26.61%

The gap between the savings and lending rates in the banking sector widened by 25.33 per cent in March, according to figures obtained from...

Stanbic IBTC offers investors high yields, to invest in transport, renewable energy, others

Stanbic IBTC Asset Management Limited has announced that the company will invest N15 billion into infrastructure project in healthcare, transport, logistics, renewable energy, and...

IMF’s alarm on Nigeria’s debt

The International Monetary Fund (IMF) in its latest Sub-Saharan Africa Regional Economic Outlook report, would again highlight the elements that have become recurrent as...

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