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Saturday, December 3, 2022

CBN Reinburses N81bn Refund To Non-Oil Exporters

The Central Bank of Nigeria (CBN), has revealed that in order to diversify foreign currency revenue creation, it gave N81 billion in refunds to...

Petrol Price Should Be N400 Per Litre, Says Marketers

The Nigerian National Petroleum Company Limited (NNPC) should be selling petrol for at least N400 per litre assuming there is no subsidy in place....

‘Export Of Raw Gold Will Be Another Crude Oil Mistake’

Should the Federal Government (FG) consider exporting raw gold like crude oil, it will be another crude oil mistake. This is Olamilekun Adegbite, the...

Low Oil Production Caused GDP To Dip In Q3 – NBS

Nigeria's GDP grew by 2.25 percent year on year in Q3 2022, down from 3.54 percent in Q2. The National Bureau of Statistics (NBS) stated...

Price Of Brent Falls Below $87 On Demand

As investors balanced continuing demand worries against constrained global supply, Brent oil futures fell more than 2% to below $87 per barrel amid rising...

Why Fuel Scarcity Hit Lagos – Oil Marketers

Oil marketers in the country, have blamed the fuel scarcity in Lagos on the 163% hike in the cost of renting daughter vessels to...

Nigeria Records $2bn Loss To Oil Theft -Senate Committee

Nigeria lost $2 billion to oil theft between January and August 2022. This is according to the ad-hoc committee set up by the Senate...

Buhari Launches Oil, Gas Refinery In Bauchi, Gombe

President Muhammadu Buhari has officially launched the Kolmani Integrated Development Project (KIPRO), which is located on the border of Bauchi and Gombe states. The KIPRO...

Gas Price Increased By 0.21% In October – NBS

The National Bureau of Statistics (NBS) revealed that average price of 5kg cooking gas increased by 0.21% from N4,474.48 in September to N4,483.75 in...

People In Govt Are Collaborating With Oil Thieves -NNPC

Mele Kyari, the Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, has stated that government officials in the country are...

Nigeria Down To Seventh On OPEC Production List

According to the organization's Monthly Oil Market Report for November, which looked at oil production results in October, Nigeria is now ranked seventh among...

Nigeria’s Next President To Implement Fuel Subsidy Removal

The elimination of gasoline subsidies has been deferred to the next administration by the federal government of Nigeria (FGN), as stated by Mrs. Zainab...

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