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Tag "crude oil"

Nigeria’s half-year export earnings slump 37 percent on declining oil price

    Nigeria’s half-year export earnings slump 37 percent on declining oil price

Nigeria, Africa’s biggest economy, recorded a 37 percent drop in half-year (H1 2020) export earnings at $19.72 billion from $31.55 billion for the half-year 2019. The decline in earnings was

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The collapse of common sense

    The collapse of common sense

In my previous article, I tried to remind us of what we have always known and talked about: that oil boom flatters to deceive. The world is, meanwhile, desperately looking

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‘We begged buyers to purchase crude oil at $9 in April’ — NNPC GMD admits tough year

    ‘We begged buyers to purchase crude oil at $9 in April’ — NNPC GMD admits tough year

Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.   Kyari stated this on Friday

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Help! Crude oil is dying!

    Help! Crude oil is dying!

Do you remember when your mechanic advised you not to buy a car with automatic transmission? If you recall, he said manual cars were the best — easier and cheaper

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NNPC: Crude oil in commercial quantity discovered in Benue Trough

  NNPC: Crude oil in commercial quantity discovered in Benue Trough

The Nigerian National Petroleum Corporation (NNPC) says the crude oil found in the Benue Trough is in commercial quantity. In

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More trouble for Nigeria as crude oil prices drop by 3%

  More trouble for Nigeria as crude oil prices drop by 3%

The price of Brent crude dropped by 3.43 percent to $36.64 per barrel on Monday after some European countries imposed

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PMI, oil & naira in focus

  PMI, oil & naira in focus

The outlook for Nigeria’s economy has been clouded by uncertainty following weeks of youth protests across the country. Although residents

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OPEC world oil outlook in focus

  OPEC world oil outlook in focus

One of the most anticipated publications that influence oil prices will be released this afternoon. Published once a year by

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FX crunch: Anger, frustration as banks ration dollar among customers

  FX crunch: Anger, frustration as banks ration dollar among customers

Nigerian banks are now rationing forex withdrawals by customers, TheCable can report. The economy has suffered a double blow from

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Apple’s $2tr question for Nigeria’s oil

  Apple’s $2tr question for Nigeria’s oil

In Nigeria, oil is definitely the apple of our eyes — we don’t need to argue over that. But this

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