Tuesday, January 8, 2019
Advertisement

Petrobarometer

    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. [...]

0 comment Read Full Article
    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. [...]

0 comment Read Full Article
    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. [...]

0 comment Read Full Article
    FG to begin transportation of petroleum products by rail

FG to begin transportation of petroleum products by rail

[...]

0 comment Read Full Article
    FG to announce refinery maintenance financiers in July

FG to announce refinery maintenance financiers in July

[...]

0 comment Read Full Article
    Forcados shutdown drags down OPEC’s May output

Forcados shutdown drags down OPEC’s May output

[...]

0 comment Read Full Article
    Experts: Nigeria’s petroleum industry groping in the dark without PIGB

Experts: Nigeria’s petroleum industry groping in the dark without PIGB

[...]

0 comment Read Full Article
    PIGB suffers setback as national assembly begins fresh legislative action

PIGB suffers setback as national assembly begins fresh legislative action

The Petroleum Industry Governance Bill (PIGB) has new hurdles to scale before it can be passed into law. [...]

0 comment Read Full Article
    ‘Soldiers massively stealing oil in Niger Delta’ — group petitions Buhari

‘Soldiers massively stealing oil in Niger Delta’ — group petitions Buhari

Bille Youth Vanguard, a community group in Rivers state, has written a petition to President Muhammadu Buhari, concerning illegal bunkering activities allegedly carried out by soldiers.  [...]

0 comment Read Full Article
    Oil marketers: Unpaid N650bn subsidy arrears made retrenchment necessary

Oil marketers: Unpaid N650bn subsidy arrears made retrenchment necessary

Major Oil Marketers Association of Nigeria (MOMAN) says the non-payment of their N650 billion subsidy claims made retrenchment necessary.The association told NAN on Saturday that the federal government's failure to pay the claims has had a negative effect on operations.[...]

0 comment Read Full Article
    Back in the green: FAAC resumes savings in excess crude account

Back in the green: FAAC resumes savings in excess crude account

The federation accounts allocation committee (FAAC) says members have agreed on the transfer of N24.5 billion to the excess crude account.Mahmoud Isa-Dutse, permanent secretary in the ministry of finance, made this known on Wednesday while addressing journalists at the end of the meeting. [...]

0 comment Read Full Article
    FG approves relocation of Escravos pipelines to ease fuel supply problems

FG approves relocation of Escravos pipelines to ease fuel supply problems

The federal government has approved the relocation of pipelines along the Escravos channel to curb delay in supply of petroleum products and reduce under-recovery. [...]

0 comment Read Full Article
    Oil revenue to take a hit as buyers ignore Nigerian crude

Oil revenue to take a hit as buyers ignore Nigerian crude

Projected revenue from the sale of crude oil may be affected as a number of crude cargoes from June loading programmes have remained unsold. [...]

0 comment Read Full Article
    Shell appeals for ‘conducive environment’ in Niger Delta communities

Shell appeals for ‘conducive environment’ in Niger Delta communities

Shell Petroleum Development Company of Nigeria Ltd (SPDC) has appealed for a conducive operating environment in oil producing communities in the Niger Delta region, even as it says it has recorded a total spend of N14.85 billion on social investment projects since 2006 in the region. [...]

0 comment Read Full Article
    Governors consider taking over fuel subsidy, query payment of N800bn

Governors consider taking over fuel subsidy, query payment of N800bn

The 36 state governors have threatened to take over the responsibility of subsidising petroleum products in their states based on consumption, following the huge amount of money being spent by the NNPC as fuel subsidy payment annually.  [...]

0 comment Read Full Article
    Oil hits $80 — but Nigeria loses 200,000b/d as Shell declares force majeure

Oil hits $80 — but Nigeria loses 200,000b/d as Shell declares force majeure

Oil prices hit $80 a barrel on Thursday for the first time since November 2014. [...]

0 comment Read Full Article
Advertisement
Advertisement

 

Advertisement

Advertisement

Exchange Rates

January 07, 2019USDGBPEUR
INTERBANK306397354
LAGOS361463411
KANO360465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement