Thursday, March 21, 2019
Advertisement

Petrobarometer

    FG to sell stakes in JVs to improve finances

FG to sell stakes in JVs to improve finances

[...]

0 comment Read Full Article
    REVEALED: Why Chinese investors pulled out of NNPC’s greenfield refinery projects

REVEALED: Why Chinese investors pulled out of NNPC’s greenfield refinery projects

Mohammed Usman, head of the greenfield refineries division of the Nigerian National Petroleum Corporation (NNPC), says investor fatigue made Chinese companies pull out of agreements to build new refineries.Usman made this known during an interview published in the February edition of NNPC News, the monthly publication of the corporation.According to him, the federal government had terminated agreements previously held with [...]

0 comment Read Full Article
    Buhari gives April deadline for NNPC to ‘take over’ Ogoni oil field

Buhari gives April deadline for NNPC to ‘take over’ Ogoni oil field

[...]

0 comment Read Full Article
    NCDMB: Oil sector to record new investments worth $20bn in 2019

NCDMB: Oil sector to record new investments worth $20bn in 2019

[...]

0 comment Read Full Article
    REVEALED: Oil marketers cheat Nigerians by N198,500 on every truck of fuel sold

REVEALED: Oil marketers cheat Nigerians by N198,500 on every truck of fuel sold

[...]

0 comment Read Full Article
    How Nigeria lost $28bn oil revenue — 99% of 2019 budget

How Nigeria lost $28bn oil revenue — 99% of 2019 budget

[...]

0 comment Read Full Article
    REVEALED: After 10-year lull, mining revenue up by 500% under Fayemi

REVEALED: After 10-year lull, mining revenue up by 500% under Fayemi

[...]

0 comment Read Full Article
    Court fixes March 29 for hearing on suit asking Malami to revoke OPL 245

Court fixes March 29 for hearing on suit asking Malami to revoke OPL 245

[...]

0 comment Read Full Article
    Nigeria becomes first anglophone African country to successfully implement EITI standards

Nigeria becomes first anglophone African country to successfully implement EITI standards

[...]

0 comment Read Full Article
    Oil revenue threatened as Nigeria’s largest buyer signs new deal for US shale

Oil revenue threatened as Nigeria’s largest buyer signs new deal for US shale

Nigeria’s crude oil revenue is set to take a hit as the country’s largest buyer, India, has struck a deal worth $1.5 billion, to buy oil from the US. [...]

0 comment Read Full Article
    FG orders six IOCs to pay N20bn outstanding royalties, taxes

FG orders six IOCs to pay N20bn outstanding royalties, taxes

The federal government has ordered six international oil companies (IOCs) developing petroleum resources in Nigeria’s deepwater offshore area to pay almost N20 billion in outstanding royalties and taxes for oil and gas production. [...]

0 comment Read Full Article
    Buhari: Nigeria willing to risk OPEC cuts for higher oil prices

Buhari: Nigeria willing to risk OPEC cuts for higher oil prices

[...]

0 comment Read Full Article
    HURRAY! Petrol to sell at N140 per litre from Wednesday

HURRAY! Petrol to sell at N140 per litre from Wednesday

[...]

0 comment Read Full Article
    Kachikwu: Automation has helped FG recover N1.2trn royalty arrears

Kachikwu: Automation has helped FG recover N1.2trn royalty arrears

Ibe Kachikwu, minister of state for petroleum resources, says the federal government has recovered N1.2 trillion in royalty arrears from oil companies operating in the country.  [...]

0 comment Read Full Article
    INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters

INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters

The Federation Allocation Account Committee (FAAC) disbursed a total of N8.52 trillion to the three tiers of government in 2018. [...]

0 comment Read Full Article
    Eterna: Why we’re expanding as oil majors sell downstream arm

Eterna: Why we’re expanding as oil majors sell downstream arm

Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria's "challenging operating environment".Tukur was speaking during a press briefing to mark the company’s 30-year anniversary in Lagos on Tuesday.In the last three years, international oil companies (IOCs) and independent operators in Nigeria's oil industry have divested their assets either party or fully, but [...]

0 comment Read Full Article
Advertisement

Advertisement

Advertisement

Exchange Rates

March 20, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement