Wednesday, September 19, 2018
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Petrobarometer

    Senate queries additional $1bn for Egina

Senate queries additional $1bn for Egina

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    NBS says Nigerians paid more for diesel in May

NBS says Nigerians paid more for diesel in May

Consumers paid more to get diesel in May, the Premium Motor Spirit (Petrol) Price Watch and Automotive Gas Oil (Diesel) Price Watch reports released by the National Bureau of Statistics on Tuesday has shown.However, prices of petrol witnessed a slight drop in May compared to April [...]

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    Ghana to import fuel from Dangote’s refinery

Ghana to import fuel from Dangote’s refinery

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    Nigeria’s crude oil exports may drop to 1.4mbpd in July — way below 2018 budget benchmark

Nigeria’s crude oil exports may drop to 1.4mbpd in July — way below 2018 budget benchmark

Nigeria's crude oil export has been predicted to drop to 1.43 million barrels per day from an average of 1.79 million barrels.This is 900,000 barrels lower than the crude oil production benchmark set in the 2018 budget, which is 2.3 million barrels a day. [...]

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    Nigeria signs 5,660km gas pipeline agreement with Morocco

Nigeria signs 5,660km gas pipeline agreement with Morocco

Nigeria has signed an agreement with Morocco for the construction of a 5,660km gas pipeline.The agreement was signed on Sunday by President Muhammadu Buhari, who is currently on a working visit to the North African country, and Mohammed VI, king of Morocco. [...]

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    Crude oil prices unstable as markets anticipate increased OPEC output

Crude oil prices unstable as markets anticipate increased OPEC output

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    71 days after passage, national assembly ‘transmits’ PIGB to presidency

71 days after passage, national assembly ‘transmits’ PIGB to presidency

The national assembly says it has transmitted the petroleum industry governance bill (PIGB) to President Muhammadu Buhari.This comes 71 days after the national assembly passed a harmonised version bill into law on March 28.The PIGB is the first of the four-part petroleum industry bill. [...]

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    Croatia, Japan, Benin Republic… these countries have ignored Nigerian crude since 2015

Croatia, Japan, Benin Republic… these countries have ignored Nigerian crude since 2015

Reports made available by the Nigerian National Petroleum Corporation (NNPC) show that Croatia, Benin Republic and Japan have not purchased crude oil from Nigeria since 2015.In the case of Japan, it has not purchased Nigerian crude since 2014. [...]

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    REVEALED: Nigeria has not reviewed production sharing contracts since 2008

REVEALED: Nigeria has not reviewed production sharing contracts since 2008

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    Prioritise Niger Delta indigenes in awarding new oil licences, Edwin Clark to FG

Prioritise Niger Delta indigenes in awarding new oil licences, Edwin Clark to FG

Edwin Clark, Ijaw leader and convener of Pan-Niger Delta Forum (PANDEF), says indigenes of the Niger Delta should be prioritised in the award of new oil licences.Clark made the remark at a press briefing in Kiagbodo, Delta state, on Wednesday. [...]

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    NBS: Europe was Nigeria’s largest crude customer in Q1 2018

NBS: Europe was Nigeria’s largest crude customer in Q1 2018

The Foreign Trade in Goods report for the first quarter of 2018 shows that most of Nigeria’s crude was purchased by countries in Europe.The report, which was released by the National Bureau of Statistics on Wednesday, said crude oil accounted for 76.3% of the total exports in that quarter. [...]

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    NNPC rejects Falana’s FOI request on fuel importation, says it is not a public institution

NNPC rejects Falana’s FOI request on fuel importation, says it is not a public institution

The Nigerian National Petroleum Corporation (NNPC) says it cannot honour freedom of information (FOI) requests because it is not a public corporation.Femi Falana, a senior advocate of Nigeria, had written an FOI concerning fuel importation data. [...]

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    Ogoni clean-up exercise to commence August, says minister

Ogoni clean-up exercise to commence August, says minister

The federal government says the clean-up of affected sites in Ogoniland will begin in August. [...]

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    FG to begin transportation of petroleum products by rail

FG to begin transportation of petroleum products by rail

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    FG to announce refinery maintenance financiers in July

FG to announce refinery maintenance financiers in July

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    Forcados shutdown drags down OPEC’s May output

Forcados shutdown drags down OPEC’s May output

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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