Archives for Oil and Gas - Page 44
N120b petrol subsidy to double as CBN adjusts exchange rate
As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions…
Petrol imports rises by 100 million litres in 2021 January – NNPC
Latest figures in the financial and operations report of the Nigerian National Petroleum Corporation have shown that the imports of Premium Motor Spirit (or petrol) by the NNPC rose by…
Petrol price to increase as PEF hikes transporters margin
Nigerians should expect an increase in the pump price of Premium Motor Spirt (PMS), popularly called petrol anytime soon as the Petroleum Equalisation Fund(PEF), has concluded plans to increase petroleum…
Economic Council Urges Buhari To Remove Petrol Subsidy
the President, Major General Muhammadu Buhari (retd.), to remove subsidy on petrol and adopt a pricing regime that reflects the cost of the commodity, The PUNCH reports. Buhari had in…
Caverton PBT Soars by 25.86% to N728m in Q1 2021
Caverton Offshore Support Group Plc, has announced its unaudited results for the period ended 31st March 2021 which showed a growth in Profit-Before-Tax to N728 million from N580 million in…
World Bank ranks Nigeria among gas flaring countries
Nigeria has been named among countries with gas flaring for nine years running. According to World Bank other countries in this category include Russia, Iraq, Iran, the United States, Algeria,…
Petroleum Products: Nigeria loses N15.71bn to vandalism in 2020 – NNPC
Amid continued pipeline vandalism in the country, petroleum products worth were lost last year, according to the Nigerian National Petroleum Corporation. Data obtained from the NNPC showed that petroleum products…
Seplat, Board Chairman win most profitable company, Board Chairman of the year
… As Nigerian Exchange, BusinessDay laud winners at the NIVA Seplat Petroleum Development Company Plc has won the Most Profitable Company (Oil & Gas: Exploration and Production), with Dr. ABC…
AGPC to invest $10million on capacity development initiatives
…partners NCDMB to build centre for skills development ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending up to $10million on capacity development initiatives in the oil and…
NNPC Assures No Increase in Pump Price of Fuel, as Subsidy rises to N500bn
The Nigerian National Petroleum Corporation (NNPC) says it will not increase the ex-depot pump price of fuel (PMS – Premium Motor Spirit) also known as petrol in May. The Group…
