Tag: Oil
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Why Nigeria is unable to meet OPEC quota — Sylva
Chief Timipre Sylva, Minister of State for Petroleum Resources, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota to a lack of investments in the oil and gas sector.
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Niger Delta oil: Obasanjo replies Clark
Niger Delta oil: Obasanjo replies Clark
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IMF upgrades Nigeria’s economic growth forecast to 2.7%
The International Monetary Fund, IMF, has upgraded its forecast for Nigeria’s economic growth in 2022 and 2021 to 2.7 per cent and 2.6 per cent respectively, citing recovery in non-oil sectors and the rising price of crude oil. The IMF had earlier in April projected that Nigeria’s economy will grow by 2.3 per cent and…
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77 oil, gas companies owe Nigerian government N2.7 trillion
About 77 oil and gas companies in Nigeria are indebted to the Federal Government to the tune of N2.659 trillion, the Nigeria Extractive Industries Transparency Initiative (NEITI), has said. The debt arises from the failure to remit petroleum profit tax, company income tax, education tax, value added tax, withholding tax, royalty and concession on rentals,…
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Dangote Refinery partners Content Board on Oil Sector Research, Development
Dangote Oil Refinery has thrown its weight behind the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development (R&D) in the oil and gas sector of the country. To display its readiness for this promotion, Dangote Petroleum Refinery was a Platinum sponsor of the 2nd Edition of Edition…
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Ogoni stakeholders state conditions for resumption of oil exploration
Ogoni ethnic nationality stakeholders in Rivers State have highlighted conditions for resumption of oil exploration activities in the area. The stakeholders on Sunday said they would not allow the Nigeria Petroleum Development Company (NPDC) or another company to resume oil exploration in the town without due consultations with them. They also raised the alarm over…
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Attacks on oil, gas facilities drop from 623 to 94 in seven years – Minister
The Minister of State for Petroleum, Mr Timipreye Sylva, on Monday declared that attacks on oil and gas facilities across the country had reduced significantly since 2014. The minister made the declaration at a Town Hall meeting on Protecting Oil and Gas Infrastructure in Abuja, on Monday. Sylva, who was represented by Mr Mele Kyari,…
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Isoko/Urhobo Unity Forum looking beyond oil, to focus on entertainment, tourism for economic integration of both ethnic groups
By Emman Ovuakporie Sensing the dangers ahead the Isoko and Urhobo Unity Forum, after brainstorming last Saturday resolved to look beyond oil and gas and focus on the entertainment/tourism industries for economic emancipation of both nationalities. TheNewsGuru.com, (TNG) reports the oldest ethnic groups in Delta position on how to look beyo d oil and re-engineer…
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Cattle valuable than entire oil and gas reserve in Nigeria – Former Presidential Aspirant
Former Presidential Aspirant, Adamu Garba has said cattle have more economic value than the entire oil and gas reserve in Nigeria. Garba said this in reaction to the advice given by the Miyetti Allah Cattle Breeders’ Association of Nigeria, Bauchi State chapter, which required its members to vacate the 17 states in Southern Nigeria. MACBAN…