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Dr Anthony Aziegbemi, an Economist and Edo chapter Chairman of the Peoples Democratic Party (PDP), has hailed the courage of Gov. Godwin Obaseki to mention the printing of N60 billion by the federal government to augment revenue allocation.
The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets
Dr Titus Okunrounmu, former Director, Budgeting Department, Central Bank of Nigeria (CBN), says Nigeria’s economy can grow by between seven per cent and 10 per cent annually if the necessary measures are put in place.
Cross River State Governor Ben Ayade has concluded arrangements to partner with the National Agency for Science and Engineering Infrastructure (NASENI) on electricity generation from borehole.
Dozens of Iraqi protesters blocked the entrance to the Nassiriya oil refinery in southern Iraq for the fifth day in a row, a refinery source and a Reuters witness said.
Nigeria is a country where there is a chasm between the leaders and the led. The distrust of the ordinary Nigerian for political office holders is such that most Nigerians celebrate when their leaders encounter tragic situations. If the governor takes ill in some states, a substantial proportion of the electorate would wish death on their state’s chief executive.
The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country.
One of Nigeria’s popular musicians, Oladapo Oyebanjo, popularly known as D’banj has advocated the use of intellectual property as collateral for obtaining bank loans.
The price of Nigeria’s Bonny Light, Tuesday, dropped to $62.05 per barrel from $64.50 in the international market on the heels of the reopening of the Suez Canal for business.
President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
The OPEC+ grouping of oil producers will hold its third ministerial summit of the year via videoconference Thursday to discuss output cuts in the face of fresh price volatility.
The immediate-past Commander of the Joint Task Force (JTF) in the Niger Delta, Rear Admiral Akinjide Akinrinade (rtd.), yesterday said the security outfit foiled 1,291 attacks on three crude export pipelines in the past two years.
The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of $1.570, according to statistics released by the corporation.
The Ijaw Youth Council (IYC) worldwide has thrown its weight behind the move by the Nigeria Labour Congress (NLC) to reject the Federal Government planned removal of petroleum subsidy and increase the price of fuel pump price to N234 per litre.
The Nigerian National Petroleum Corporation (NNPC) on Thursday said it generated a total of N2.197trillion from the sale of petrol between December 2019 to December 2020.
Nigeria and other African nations could play a central role in efforts by India to diversify its sources of oil and gas, India’s Oil Minister, Mr. Dharmendra Pradhan, said yesterday, as the nation strives to reduce its energy reliance on the Middle East.
Petrol and diesel sold at the highest rates in Kebbi State in February, the National Bureau of Statistics has said.
Dr. Ngozi Okonjo-Iweala, Director General of World Trade Organisation (WTO), has warned of Nigeria’s continued reliance on crude oil and gas as the major source of revenue to the government.
Brazil’s Charles Oliveira rallied with brutal efficiency to knock out American Michael Chandler early in the second round at UFC 262 in Houston, Texas, on Saturday and be crowned new lightweight champion.
Most poor households in Nigeria are not connected to the country’s electricity supply network as only 22 per cent of the poorest of them have access to grid power, the World Bank has said.
Enugu State Governor, Mr. Ifeanyi Ugwuanyi, yesterday rescued anaccident scene at Ekulu Bridge, Abakpa Nike, Enugu East Local Government Area, where a petroleum products truck lost control and fell into a ditch.
The new figure raised the total number of infections in the country to 165,702, an update published by the Nigeria Centre for Disease Control (NCDC) Saturday night indicates.
Belgian club KV Kortrijk have celebrated former player Terem Moffi’s first invitation to the Super Eagles.
The National Agricultural Land Development Authority (NALDA) says it has concluded plans to establish an integrated farm estate in Ogun State.
The English top-flight sought and secured government approval in principle to roll over its existing rights agreement with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport.
The Nigerian Labour Congress on Thursday insisted that petrol subsidy must not be removed and that it would not shift grounds on this position until Nigeria’s refineries were fixed.
Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday said that the government would continue to demolish shanties across the state.
The Federal Airports Authority of Nigeria has advised passengers and airport users to abide by all the laid down COVID-19 protocols while using the airports.