Monday, December 10, 2018
Advertisement

Petrobarometer

    Report: NEC, FAAC approved use of $1bn NLNG dividend for subsidy payment

Report: NEC, FAAC approved use of $1bn NLNG dividend for subsidy payment

The National Economic Council (NEC) and the Federation Allocation Accounts Committee (FAAC) approved the Nigerian National Petroleum Corporation’s (NNPC) use of Nigeria Liqueifed Natural Gas (NLNG) dividends for financing petrol subsidy. [...]

0 comment Read Full Article
    Senate probes ‘NNPC’s diversion’ of $1bn NLNG dividend

Senate probes ‘NNPC’s diversion’ of $1bn NLNG dividend

The senate has set up an ad hoc committee to probe the Nigerian National Petroleum Corporation’s (NNPC) alleged diversion of dividends from the Nigerian Liquefied Natural Gas (NLNG) to fund petroleum subsidy.[...]

0 comment Read Full Article
    SHOCKER: Petroleum ministry doesn’t have details of companies involved in deep offshore operations

SHOCKER: Petroleum ministry doesn’t have details of companies involved in deep offshore operations

[...]

0 comment Read Full Article
    NNPC subsidiary resumes international crude shipping

NNPC subsidiary resumes international crude shipping

[...]

0 comment Read Full Article
    NNPC: No plan to review prices of petroleum products

NNPC: No plan to review prices of petroleum products

[...]

0 comment Read Full Article
    Navy destroys illegal Niger Delta refineries — after undercover report on oil theft

Navy destroys illegal Niger Delta refineries — after undercover report on oil theft

The Nigerian navy is currently destroying illegal refineries in creeks across Rivers state. [...]

0 comment Read Full Article
    ‘60% of marketers forced out of business’– DAPPMA condemns unpaid subsidy arrears

‘60% of marketers forced out of business’– DAPPMA condemns unpaid subsidy arrears

The Depot and Petroleum Products Marketers Association (DAPPMA) says 60% of marketers have been forced out of business as a result of unpaid subsidy arrears by the federal government.Speaking to NAN in Lagos on Sunday, Olufemi Adewole, DAPPMA's executive secretary, said that the debt had led to huge financial challenges to the downstream operations.According to him, the downstream sector petroleum was [...]

0 comment Read Full Article
    Rivers youths: No ship will be allowed to move Shell’s property out of Onne

Rivers youths: No ship will be allowed to move Shell’s property out of Onne

[...]

0 comment Read Full Article
    NNPC: Financiers showing interest in Port Harcourt, Kaduna refineries

NNPC: Financiers showing interest in Port Harcourt, Kaduna refineries

[...]

0 comment Read Full Article
    Budget Office: NNPC paying N53 subsidy on every litre of petrol

Budget Office: NNPC paying N53 subsidy on every litre of petrol

[...]

0 comment Read Full Article
    ‘One comma, one semicolon shouldn’t stop investments’ — Saraki hits presidency on PIGB

‘One comma, one semicolon shouldn’t stop investments’ — Saraki hits presidency on PIGB

Bukola Saraki, president of the Nigerian senate, says one comma, one semicolon, should not stop the level of investments that could come into the country's petroleum sector. [...]

0 comment Read Full Article
    ‘Level of deterioration at Port Harcourt refinery shocking’– MD speaks on challenges

‘Level of deterioration at Port Harcourt refinery shocking’– MD speaks on challenges

[...]

0 comment Read Full Article
    UNDERCOVER: Inside Niger Delta creeks where oil thieves feed fat after bribing soldiers with millions

UNDERCOVER: Inside Niger Delta creeks where oil thieves feed fat after bribing soldiers with millions

Nigeria has lost more than N3 trillion to oil thieves in the last two years, according to a report Nigeria Natural Resource Charter (NNRC) released in August. Being an economy dependent on oil, the activities of these saboteurs constitute a major threat to the finance of government. To check oil theft, the government of ex-President Goodluck Jonathan engaged "reformed" militants [...]

0 comment Read Full Article
    Court sends Shell MD to prison

Court sends Shell MD to prison

[...]

0 comment Read Full Article
Advertisement
Advertisement

 

Advertisement

Advertisement

Exchange Rates

December 10, 2018USDGBPEUR
INTERBANK306397354
LAGOS365467411
KANO365465415
PH364466412
ABUJA364465413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement