Wednesday, August 21, 2019
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Petrobarometer

    ICYMI: Completion of Dangote refinery delayed till 2020 ending over Apapa gridlock

ICYMI: Completion of Dangote refinery delayed till 2020 ending over Apapa gridlock

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    Report: Nigeria sells the cheapest petrol in West Africa — recipe for smuggling

Report: Nigeria sells the cheapest petrol in West Africa — recipe for smuggling

The Nigerian government has been subsidising the price of petrol since as far back as 2006.This has ensured that petrol has remained cheap and affordable for citizens of Africa's most populous nation; so cheap that it is the cheapest in West Africa.An analysis by SBMorgen showed that Nigeria's petrol price converted to dollars is 40 cents while those of neighbouring [...]

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    NNPC: Why we increased price of Kerosene

NNPC: Why we increased price of Kerosene

The Nigerian National Petroleum Corporation (NNPC) has attributed the increase in the price of household kerosene in the country to the pressure of demand and supply. [...]

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    Uses WhatsApp the most, has eight hours of sleep… here’s how Barkindo spends his time off

Uses WhatsApp the most, has eight hours of sleep… here’s how Barkindo spends his time off

Mohammed Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), says WhatsApp is the most used mobile application on his phone.In an interview with Bloomberg's Francine Lacqua, Barkindo also said he is an evening person.Here's how OPEC's secretary-general who recently began his second term in office spends time away from the work.How many hours of sleep do you get [...]

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    We are not competing with you, Dangote tells NNPC

We are not competing with you, Dangote tells NNPC

Aliko Dangote, president of Dangote Group, says his refinery will not be competing with the Nigerian National Petroleum Corporation (NNPC).Dangote, who visited Mele Kyari, the new NNPC group managing director (GMD), said his team will rather partner with the state-run oil company to achieve a win-win situation.“The most important thing for us is to see how we can partner with [...]

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    Oil suppliers to marketers: Do not patronise pipeline vandals

Oil suppliers to marketers: Do not patronise pipeline vandals

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    ‘It was compromised’ — Malami on why Buhari rejected PIGB

‘It was compromised’ — Malami on why Buhari rejected PIGB

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    Subsidy payments balloon by 682% in 30 days

Subsidy payments balloon by 682% in 30 days

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    Energy360 introduces fuel management instruments for SMEs

Energy360 introduces fuel management instruments for SMEs

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    ‘Adoke confronted Eni officials over kickbacks’ — OPL 245 trial continues in Italy

‘Adoke confronted Eni officials over kickbacks’ — OPL 245 trial continues in Italy

Trial continued in an Italian court on Wednesday over the controversial $1.3 billion OPL 245 deal between Shell, Eni-Agip and Malabu in 2011, with a star witness alleging that Eni-Agip officials knew that bribes would paid to Nigerian politicians.Vincenzo Armanna, former Eni manager and defendant in the corruption trial, also informed the court that Mohammed Bello Adoke, former Nigerian attorney-general, told [...]

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    MRS, Total… here are the 34 oil companies that got NNPC’s crude-swap contract

MRS, Total… here are the 34 oil companies that got NNPC’s crude-swap contract

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    UN court orders Switzerland to hand Nigeria $14m bond for release of detained oil vessel

UN court orders Switzerland to hand Nigeria $14m bond for release of detained oil vessel

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    NNPC: It’s very difficult for us to make fuel available at N145

NNPC: It’s very difficult for us to make fuel available at N145

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    Mele Kyari promises to repair all refineries before 2023

Mele Kyari promises to repair all refineries before 2023

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says he would work towards getting the nation's four refineries working at optimal performance by 2023. [...]

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    Baru: I have sacrificed 45.6% of my terminal benefits for NNPC pensioners

Baru: I have sacrificed 45.6% of my terminal benefits for NNPC pensioners

Maikanti Baru, immediate past group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says he has sacrificed 45.6% of his terminal benefit for the corporation's pensioners.Speaking at his valedictory speech in Abuja, on Monday, Baru said he lost N1.5 million to the deliberate sacrifice.He commended the efforts of other officers who worked with him during his tenure.Commending Isiaka [...]

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    Wale Tinubu: Politicians want fuel subsidy to continue at all cost

Wale Tinubu: Politicians want fuel subsidy to continue at all cost

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Exchange Rates

August 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.
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