Sunday, June 16, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement

Petrobarometer

NNPC records N43.57bn trading surplus in April — up 23.6% from previous month

    NNPC records N43.57bn trading surplus in April — up 23.6% from previous month

The Nigerian National Petroleum Corporation (NNPC) says its trading surplus increased by 23.64 percent to N43.57 billion in April 2021 from the N35.24 billion recorded in March. This is contained

0 comment Read Full Article

Economic impact, environmental feasibility… FG lists conditions for accessing N250bn gas intervention fund

    Economic impact, environmental feasibility… FG lists conditions for accessing N250bn gas intervention fund

The federal government says investors must meet seven criteria to access the Central Bank of Nigeria‘s N250 billion intervention fund for gas value chain businesses. Brenda Attaga, technical adviser to

0 comment Read Full Article

NLC rejects $2.18 gas price for GenCos, demands reduction to $1.5 per SCF

    NLC rejects $2.18 gas price for GenCos, demands reduction to $1.5 per SCF

The Nigeria Labour Congress (NLC) has rejected the reduction of domestic gas prices for electricity generation from $.2.50 to $2.18 per standard cubic feet (SCF), adding that the reduction “falls

0 comment Read Full Article

FEC approves $2.7bn for NNPC’s acquisition of stake in Dangote Refinery

    FEC approves $2.7bn for NNPC’s acquisition of stake in Dangote Refinery

The federal executive council (FEC) has approved the sum of $2.76 billion for the acquisition of a 20 percent minority equity stake in the Dangote Refinery. Timipre Sylva, minister of

0 comment Read Full Article

FG approves $1.48bn for rehabilitation of Kaduna, Warri refineries

    FG approves $1.48bn for rehabilitation of Kaduna, Warri refineries

The federal executive council (FEC) has approved the sum of $1.48 billion for the rehabilitation of both Warri and Kaduna

0 comment Read Full Article

Crude oil prices decline over rise in COVID-19 Delta variant cases

    Crude oil prices decline over rise in COVID-19 Delta variant cases

Crude oil prices fell for the third consecutive day on Wednesday over concerns about rising cases of the COVID-19 delta

0 comment Read Full Article

IPMAN resumes fuel distribution in Port Harcourt, Calabar — after one-day strike

    IPMAN resumes fuel distribution in Port Harcourt, Calabar — after one-day strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has resumed the distribution of products in its designated eastern zones. This

0 comment Read Full Article

DPR mulls economic recovery programme for petroleum industry

    DPR mulls economic recovery programme for petroleum industry

The Department of Petroleum Resources (DPR) says it is formulating a maximum economic recovery (MER) programme, aimed at strengthening the

0 comment Read Full Article

NNPC records product sale of N234bn in March — 24.7% increase from February

    NNPC records product sale of N234bn in March —  24.7% increase from February

The Nigerian National Petroleum Corporation (NNPC) says it recorded N234.63 billion revenue from the sale of white products in the

0 comment Read Full Article

Pipeline vandalism increased by 29% in March, says NNPC

    Pipeline vandalism increased by 29% in March, says NNPC

The Nigerian National Petroleum Corporation (NNPC) says vandalism of pipelines across the country increased by 29.63 percent in March. This

0 comment Read Full Article
error: Content is protected from copying.