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Mercuria

Melee Kyari

MRS, Vitol, Oando, AYM Shafa win NNPC crude-for-fuel contracts

The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some Nigerian oil firms beneficiaries.

Full list: 132 firms bid for NNPC’s crude oil swap

The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).

NNPC: Oil output to hit 1.8 million bpd in 2019

Nigeria will increase its oil production to 1.8 million barrels per day next year, Nigeria National Petroleum Corporation (NNPC) Group Managing Director, Maikanti Baru, has declared.
Nigerian National Petroleum Corporation (NNPC)

Official: NNPC may sign oil swap deals with Shell, ExxonMobil

The Nigerian National Petroleum Corporation (NNPC) could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official told Reuters on Monday.

NNPC signs crude-for-product swap deal with BP

Nigeria’s state oil firm NNPC said it had signed a crude-for-product swap deal with oil major BP.

Oil prices hit four-year-high of $81 amid looming Iran sanctions

Oil prices hit a four-year high of $81.48 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices at four-year high after OPEC rebuffs Donald Trump

Oil prices jumped more than two per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production.

Recent Stories

8. President Muhammadu Buhari presides over the weekly virtual Federal Executive Council (FEC) Meeting, at the Council Chambers, State House, Abuja.

President Buhari: Weapons, aircraft from US, China, Jordan coming

Nigeria is expecting to take delivery of military weapons and aircraft from Jordan, China and the United States to reinvigorate its anti-terror war, President Muhammadu Buhari said yesterday. The meeting also agreed that poverty and youth unemployment are at the root of the nationwide security challenges, and needed to be addressed with greater vigour by all tiers of government.
Minister for Foreign Affairs, Geoffrey Onyeama has said that the Nigerian Government would use the Forum of the UN General Assembly (UNGA) to seek global support fighting terrorism and increasing Foreign Direct Investments (FDI).

Nigeria’s foreign minister recovers from coronavirus

Geoffrey Onyeama, the Minister of Foreign Affairs, on Wednesday announced that he has recovered from COVID-19.
Obadiah Mailafia

DSS invites Obadiah Mailafia over comment on Boko Haram-serving governor’s link

The Department of State Services (DSS), has invited a former Deputy Governor of the Central Bank of Nigeria and stakeholder in Southern Kaduna, Dr. Obadiah Mailafia, to its Jos office over the comment he made recently about a Northern governor being the commander of Boko Haram.

Unease in Ebonyi market as traders uncover hidden explosive device

There was palpable fear and apprehension at the popular Ophoke-Abba market, Kpiri-Kpiri in Abakaliki, Ebonyi State capital, following the discovery of a substance suspected to be an Improvised Explosive Device (IED).
The suspended National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, says he has accepted the Appeal court’s verdict which upheld his suspension.

Court restrains Edo government from publishing defamatory materials against Idahosa Okunbo, Adams Oshiomhole

An FCT High Court on Tuesday restrained the Edo government from publishing any defamatory materials against businessman, Capt. Idahosa Okunbo, and former National Chairman, All Progressive Congress (APC), Adams Oshiomhole.