Sunday, September 20, 2020
MARKET UPDATE
Advertisement

TheCable

Advertisement

Petrobarometer

Petrol may sell at N155 per litre as FG reduces ex-depot price to N138.62

    Petrol may sell at N155 per litre as FG reduces ex-depot price to N138.62

The price of premium motor spirit, also known as petrol, may rise to N155 per litre as the federal government has fixed the ex-depot price at N138.62 litre. The Petroleum

0 comment Read Full Article

Reps set up 30-member panel for speedy passage of PIB

    Reps set up 30-member panel for speedy passage of PIB

The house of representatives has set up a 30-member committee for the speedy passage of the petroleum industry bill (PIB). The sixth, seventh and eight assemblies failed in passing the

0 comment Read Full Article

NNPC enters $1.5bn oil prepayment deal with traders

    NNPC enters $1.5bn oil prepayment deal with traders
0 comment Read Full Article

Mele Kyari: Fuel subsidy removal reduced FG’s expenses by $400m

    Mele Kyari: Fuel subsidy removal reduced FG’s expenses by $400m

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the act of removing fuel subsidy from the 2020 budget has saved the government $400 million. Speaking

0 comment Read Full Article

PPPRA: Deregulation will force down petrol price

    PPPRA: Deregulation will force down petrol price
0 comment Read Full Article

Ijaw leaders threaten to disrupt AKK gas project over neglect of $16bn export processing zone

    Ijaw leaders threaten to disrupt AKK gas project over neglect of $16bn export processing zone

The Ijaw and Itsekiri people of Gbaramatu and Ugborodo in Delta state have threatened to disrupt the federal government’s $2.8

0 comment Read Full Article

Sylva: We didn’t promise to keep petrol prices low permanently

    Sylva: We didn’t promise to keep petrol prices low permanently

Timipre Sylva, minister of state for petroleum resources, says the federal government did not promise to permanently reduce petrol price.

0 comment Read Full Article

Reps probe NNPC over ‘$1bn illegal withdrawal’ from NLNG account

    Reps probe NNPC over ‘$1bn illegal withdrawal’ from NLNG account

The house of representatives has resolved to investigate the Nigerian National Petroleum Corporation (NNPC) for “illegal withdrawals” from the Nigerian

0 comment Read Full Article

Oil prices drop as US COVID-19 cases surge raise demand concerns

    Oil prices drop as US COVID-19 cases surge raise demand concerns

Oil prices fell on Tuesday, erasing earlier gains, on fears that the recent spike in confirmed COVID-19 cases in the

0 comment Read Full Article

NEITI wants ECA funds moved to NSIA as part of economic reform

    NEITI wants ECA funds moved to NSIA as part of economic reform
0 comment Read Full Article