Tag: crude
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Suspension of naira-for-crude will push Nigerians into multidimensional poverty – ActionAid
ActionAid has raised concerns over the ongoing crisis in the petroleum sector, sparked by Dangote Petroleum Refinery’s suspension of petroleum product sales in naira. Mr Andrew Mamedu, Country Director of ActionAid Nigeria (AAN) expresssd this concern in a statement on
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CRUDE OIL THEFT: Militia group in Bayelsa allegedly recruits youths
Militant group recruits Bayelsa 6
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![[TNG INTERVIEW] PIB: Inclusion of frontier states to be funded by FG will rubbish profit from crude oil sales – Rep Chinda](https://thenewsguru.ng/wp-content/uploads/2021/07/Rep-Chinda.jpg)
[TNG INTERVIEW] PIB: Inclusion of frontier states to be funded by FG will rubbish profit from crude oil sales – Rep Chinda
…says Bill has gained tribal and political colouration …but I will support it, it’s better than nothing …Nigeria belongs to us all we must be seen to give it our best …true federalism is the ultimate Rep Kingsley Ogundu Chinda is a lawyer and the leader of the House of Representatives Peoples Democratic Party PDP…
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Oil prices steady after shake-out on supply worries
Oil prices steadied on Wednesday after slipping prices on concerns that Saudi Arabia and Russia will pump more crude in response to falling global crude inventories and rising consumer prices. Saudi Arabia and Russia have discussed raising OPEC and non-OPEC oil production by one million barrels per day (bpd) to counter potential supply shortfalls from…
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Refine crude locally to end embarrassing fuel scarcity, Dogara advises FG
Speaker of the House of Representatives, Hon Yakubu Dogara, has advocated for local refining of crude oil to make fuel available and easily accessible to all Nigerians, saying every other measure to put an end to the recurring problem of fuel scarcity will work temporarily which he described as embarrassing. The Speaker made this known…
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Kaduna Refinery shut down operations
The Kaduna Refining and Petrochemical Company has shut down operations. The operations was shut down on January 15. According to the Executive Director (Services) of KRPC, Dr. Abdullahi Idris, the refinery was shut down because of lack of crude oil. Idris disclosed this to the News Agency of Nigeria in Kaduna. He said the refinery,…
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Indigenous Ship owners may get NNPC, NIMASA approval to lift crude
… As Dakuku Champions New Trade Terms to Boost Indigenous Shipping … Kachikwu, Baru Weigh Options Shipowners and other stakeholders in the maritime sector are on the verge of getting the desired change in trade terms from Free On Board (FOB) to Cost Insurance and Freight (CIF) which would enable them to begin to lift…
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Oil rises to $58, set for weekly gain
Oil prices rose on Friday as investors bet that efforts to cut a global glut are working and that the demand outlook is improving. U.S. crude was down 8 cents at 51.48 dollars a barrel after earlier rising slightly. Still the contract is heading for a fourth consecutively weekly gain. Global benchmark Brent crude was…
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Crude oil discovered in Borno, says FG
The Federal Government, yesterday, disclosed that crude oil has been discovered in Borno State. The Permanent Secretary of the Ministry of Petroleum Resources, Mrs. Jamila Shua’ra, made the disclosure during the agreement signing ceremony for joint venture, JV, cash call exit and presentation of the petroleum sector score card in Abuja. However,Shua’ra who attributed the…