Friday, September 18, 2020
MARKET UPDATE
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Petrobarometer

‘The market will stabilise’ — Petroleum industry stakeholders back FG on deregulation

    ‘The market will stabilise’ — Petroleum industry stakeholders back FG on deregulation

Stakeholders and business owners in the petroleum industry have lauded the federal government’s decision to abolish fuel subsidy and deregulate the downstream section of the industry. Commenting on the reactions

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Petrol now selling between N158-N162 as marketers adjust pump price

    Petrol now selling between N158-N162 as marketers adjust pump price

Less than 24 hours after the Petroleum Products Marketing Company (PPMC) announced an increase in the ex-depot price of petrol, petroleum marketers in the country have adjusted their display boards.

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BUA picks French company to build 200,000bpd refinery in Akwa Ibom

    BUA picks French company to build 200,000bpd refinery in Akwa Ibom

The BUA Group is making a foray into the oil refining business and has announced the selection of France-based Axens for its proposed 200,000 refinery project which would be cited

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NNPC group life assurance shows consistent claim settlement

    NNPC group life assurance shows consistent claim settlement

Figures from the Nigerian National Petroleum Corporation (NNPC) group life assurance scheme has shown that claims settlement has been consistent over the last 10 years. In the first three years

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NPDC targets 500,000bpd crude oil production

    NPDC targets 500,000bpd crude oil production

The Nigerian Petroleum Development Company (NPDC) is working towards producing 500,000 barrels of oil per day (bpd) within the next

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NNPC becomes EITI supporting company, commits to transparency, accountability

    NNPC becomes EITI supporting company, commits to transparency, accountability

The Extractive Industries Transparency Initiative (EITI) has announced that the Nigerian National Petroleum Corporation (NNPC) is now an EITI supporting

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Fitch Solutions: Non-passage of petroleum industry bill affecting upstream investment in Nigeria

    Fitch Solutions: Non-passage of petroleum industry bill affecting upstream investment in Nigeria

Fitch Solutions, an industry provider of credit and macro intelligence, says upstream investment in Nigeria has been affected by the

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PTCIJ hosts experts to discuss new governance models in oil sector

    PTCIJ hosts experts to discuss new governance models in oil sector

Economists and energy experts will meet virtually on Wednesday, August 12, to discuss the new governance models in the downstream

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NNPC: N2.68bn trading surplus recorded in May

    NNPC: N2.68bn trading surplus recorded in May

The Nigerian National Petroleum Corporation (NNPC) says it recorded N2.68 billion trading surplus in May 2020 against N30.81 billion deficit

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IPMAN: Kano marketers to sell petrol at N150 per litre

    IPMAN: Kano marketers to sell petrol at N150 per litre

The Kano state chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol

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