Truth Is Treasure
By Mathew Dadiya, Abuja The Nigerian National Petroleum Corporation (NNPC) yesterday, announced new appointments and redeployments in the Corporation. The exercise, the Corporation said was part of ongoing efforts to strengthen and reposition the nation’s oil company for greater efficiency, transparency and profitability in line with the Next Level Agenda of President
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By Orkula Shaagee, Abuja The Nigeria Labour Congress (NLC), yesterday urged the Federal Government to revert to the old pump price of N121 for the Premium Motor Spirit (PMS), also known as petrol. NLC President, Mr Ayuba Wabba, who made the call in a statement yesterday in Abuja, said that the NLC
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By Mathew Dadiya, Abuja Despite the drop in the price of gas, Nigeria said it planned to keep its liquefied natural supply at current levels which is contrary to what exporters from the U.S. to Australia are doing. According to ship-tracking data compiled by Bloomberg, Nigeria Liquefied Gas, LNG Ltd. On Thursday
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The Petroleum Products Pricing Regulatory Agency (PPPRA), has fixed the pump price band of Premium Motor Spirit (PMS), also known as petrol at between N140.80 and N143.80 per litre for the month of July. Executive Secretary of the Agency, Abdulkadir Saidu disclosed this in a memo to all Petroleum Products
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By Mathew Dadiya, Abuja President Muhammadu Buhari, has flagged-off the construction of the 614km Ajaokuta-Kaduna-Kano (AKK) gas pipeline contract awarded at a cost of US$2.592 billion, an equivalent of N1 trillion. The Engineering, Procurement, Construction (EPC) contract for the project was awarded to Messrs. Oilserv Plc/China First Highway Engineering Company (Oilserv/CFHEC Consortium)
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By Mathew Dadiya, Abuja The Petroleum Products Pricing Regulatory Agency (PPPRA), said yesterday, it would not let go the regulation of the downstream petroleum industry to prevent marketers from exploiting consumers and also to enforce the appropriate laws guiding the industry. Executive Secretary of PPPRA, Mr. Saidu Abdulkadir, said the agency would
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By Martin Paul, Abuja As Nigerians continue to endure the hardship inflicted on them by COVID-19 lockdown, indications have emerged that a nationwide fuel scarcity is looming as youths in the Niger Delta region of Warri, Niger state at the weekend, shut down flow stations in the area. DAILY ASSET learnt that sequel
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From Dan Amasingha, Minna The Nigeria National Petroleum Corporation NNPC has declared that the nation's oil reserves will increase significantly to 40billion barrels by 2023 as it intensifies search of oil in the internal basins. The Group Managing Director of NNPC, Malam Mele Kyari disclosed.this during a courtesy visit on Governor
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By Mathew Dadiya, Abuja One of world leading risk analysts company, Fitch Ratings, has predicted a 50 percent decline of Nigeria’s oil export this year due to the impact of the Coronavirus (COVID-19) pandemic. The Director, Fixed Sovereign Team, Fitch Ratings, Mahmoud Harb stated this in a webinar on Sovereign Risk in
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By Mathew Dadiya, Abuja The Gulf Downstream Association (GDA) has announced its decision to postpone the GDA International Downstream Conference and Exhibition due to take place in Bahrain from 20-22 October 2020 after a careful deliberation on the economic impacts of COVID-19 aimed at safeguarding the health of all participants,
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