Monday, February 18, 2019
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Petrobarometer

    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. [...]

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    ‘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 [...]

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    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

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    NNPC: Financiers showing interest in Port Harcourt, Kaduna refineries

NNPC: Financiers showing interest in Port Harcourt, Kaduna refineries

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

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

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    ‘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. [...]

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

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

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    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 [...]

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    Court sends Shell MD to prison

Court sends Shell MD to prison

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    Kachikwu: Buhari is not against PIB

Kachikwu: Buhari is not against PIB

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    NNPC reports $416m from June crude sales

NNPC reports $416m from June crude sales

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    NLC strike: NNPC guarantees 37-day petrol supply

NLC strike: NNPC guarantees 37-day petrol supply

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    NNPC director: OPEC’s re-balancing efforts is limited

NNPC director: OPEC’s re-balancing efforts is limited

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    Edwin Clark: Shell must divest OML 25 to an indigenous firm

Edwin Clark: Shell must divest OML 25 to an indigenous firm

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    Oil hits four-year high as OPEC, allies maintain supply cut

Oil hits four-year high as OPEC, allies maintain supply cut

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Exchange Rates

February 18, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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