Wednesday, March 3, 2021
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Tag "crude oil"

Nigeria’s gradual road to economic recovery

    Nigeria’s gradual road to economic recovery

Africa’s largest economy has displayed resilience over the past few months. From defending against the COVID-19 menace to battling untamed inflation and shouldering domestic risks. Initially, the economic outlook was

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NNPC: No plans to increase depot price of petrol in February

    NNPC: No plans to increase depot price of petrol in February

The Nigerian National Petroleum Corporation (NNPC) says it has no plans to increase the ex-depot price of premium motor spirit, better known as petrol, in February. This is according to

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Brent crude passes $63 as risk-on sentiment soars

    Brent crude passes $63 as risk-on sentiment soars

Oil prices kicked off the week on a strong footing, hitting a new 13-month high in early Asian trade. The robust recovery in oil prices and industrial metals over the

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DPR: How Nigeria’s crude oil is stolen from terminals

    DPR: How Nigeria’s crude oil is stolen from terminals

The Department of Petroleum Resources (DPR) says most incidents of crude oil theft occur from land terminals. Sarki Auwalu, DPR director, explained the methods used by oil thieves to siphon

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BP declares $5.7bn loss amid low oil prices, COVID-19 pandemic

  BP declares $5.7bn loss amid low oil prices, COVID-19 pandemic

BP, a British oil and gas multinational company, has announced a $5.7 billion loss for the 2020 full year. This

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Improved crude oil prices push Nigeria’s external reserve to $36.23bn

  Improved crude oil prices push Nigeria’s external reserve to $36.23bn

The Central Bank of Nigeria (CBN) says Nigeria’s foreign exchange reserves rose from $34.94 billion in November 2020 to $36.23

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Mele Kyari: NNPC now focusing on gas production, non-oil businesses

  Mele Kyari: NNPC now focusing on gas production, non-oil businesses

Mele Kyari, group managing director of Nigerian National Petroleum Corporation (NNPC), says the corporation is currently focusing on gas production

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OPEC cuts: Nigeria to reduce daily crude oil production by 313k barrels

  OPEC cuts: Nigeria to reduce daily crude oil production by 313k barrels

Nigeria has agreed to voluntarily cut its daily crude oil production by 939,000 barrels between January and March. This is

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Seplat signs crude purchase agreement with Waltersmith modular refinery

  Seplat signs crude purchase agreement with Waltersmith modular refinery

Seplat Petroleum Development Company Plc has signed a crude purchase agreement (CPA) with Waltersmith Petroman Oil Limited. Edith Onwuchekwa, Seplat

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Emefiele: Nigeria must end dependence on crude oil

  Emefiele: Nigeria must end dependence on crude oil

Godwin Emefiele, governor of the Central Bank of Nigeria, says the country must end its dependence on crude oil for

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