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Petrobarometer
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 [...]
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. [...]
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 [...]
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 [...]
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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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. [...]
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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