Tag Archives: crude oil

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to peg import duties at an exchange rate of N1,000/$ to stabilise costs for manufacturers who rely on imports, boost productivity and enable long-term planning. The chamber, in a statement signed by its President, Mr Gabriel …

A coalition of Civil Society Organizations (CSO) at the weekend said it would set up a situation room to monitor the compliance of the Nigerian National Petroleum Corporation Limited (NNPCL) to the presidential directive to sell crude oil to Dangote Refinery in Naira currency. Leaders of the 28 CSOs who …

…Set to commence production Dangote Refinery (http://www.Dangote.com) appears set to commence production of refined petroleum products with the receipt of the sixth batch of the of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN …

Chinese multinational technology firm, Huawei Technologies, has revealed that it had developed an intelligent pipeline monitoring system to help tackle crude oil theft in Nigeria. This was disclosed by the Director of Huawei Nigeria Enterprise Business, Mr Li Wei, at a news briefing on the sidelines of the ongoing Nigerian International …

Former Central Bank of Nigeria (CBN) Director of Budgeting Department, Dr Titus Okunrounmu says Nigeria’s economy can grow by between seven per cent and 10 per cent annually if the necessary measures are put in place. Okunrounmu made the projection in an interview with the News Agency of Nigeria (NAN) …

…As FG hands over Property, 132,000 hectares of land …Moves to generate $20bn annually from creative industry The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has expressed gratitude to President Muhammadu Buhari for the handing over of the National Theatre and its surrounding lands to the Central Bank …

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank has said. The World Bank, in a new report, titled ‘Nigeria in times of COVID-19: Laying foundations for a strong …

By Ikenna Omeje He began his career with Shell Petroleum Development Company (SPDC) in 1995 and later joined BJ Services two years after. He worked with BJ Services for over 12 years, rising to the position of a Country Manager for the pipeline services from 2001 to 2009. Engr. Obidike …