Saudi oil cuts leave East Africa in season of high fuel prices
East African economies are facing a sustained period of high fuel prices after Saudi Arabia, the world’s largest oil exporter,...
Oil and Gas
Petroleum ministry’s directors sign performance contract
Abuja, Aug. 20, 2023: Mr Gabriel Aduda, Permanent Secretary, Ministry of Petroleum Resources has signed Performance Contracts (PC) with the...
Female engineers seek Tinubu’s approval to fix moribund refineries
Lagos, Aug. 20, 2023: The Association of Professional Women Engineers of Nigeria (APWEN), on Saturday appealed to President Bola Tinubu...
China’s Central Bank conducts 98-bln-Yuan reverse repos
Beijing, Aug, 18, 2023: China’s Central Bank conducted 98 billion Yuan (13.6 billion U.S. dollars) of seven-day reverse repos at...
Economic council says Excess crude account $474,000
Abuja, Aug. 18, 2023: The National Economic Council has revealed that the nation’s excess crude account currently stands at 473,754.57...
Tinubu commits to domestic use, export of gas
President Bola Ahmed Tinubu has pledged government’s commitment to leveraging on the domestic utilization, processing and international export of Nigeria's...
NNPC secures $3bn crude repayment loan from Afreximbank
Abuja, Aug. 17, 2023: The Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter...
NEITI reviews 2020-2021 oil, gas, mining industries’ reports
Abuja, Aug. 17, 2023: The Nigeria Extractive Industries Transparency Initiative (NEITI) is reviewing its 2020-2021 reports of the oil, gas...
Nigeria to maintain stability in petrol supply, demand
Abuja, Aug. 15, 2023:President Bola Tinubu has assured that measures would be taken to stabilise the supply and demand of...
NEITI moves to provide data on petrol consumption volume of PMS
Abuja, Aug. 15, 2023: The Nigerian Extractive Industries Transparency Initiative (NEITI) is set to provide data on the actual volume...
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