Tag: barrel, export, Nigeria, oil
Nigeria’s Q3 oil export to U.S suffers 820,000 barrels drop
The volume of Nigerian crude oil bought by the United States dropped by 11.83 per cent in the third quarter of this year to 6.11 million barrels, the latest data...
Senate moves to investigate N1.2trn oil revenue loss
…Constitutes ad hoc committee The Senate on Tuesday constituted a seven-man Adhoc committee to investigate a N1.2 trillion oil revenue loss to the Federal...
Nigeria spent N81.41b on idle refineries for eight months without a drop of oil – NNPC
A total of N81.41 billion was expended on Nigeria’s refineries between January and August this year, but the facilities refined no drop of crude oil all through...
Economic diversification: How maritime development can lead Nigeria out of oil dependency – Jamoh
Director General of Nigeria Maritime Administration and Safety Agency,Dr Bashir Jamoh has spoken of how maritime development can lead the country out of oil...
Price crash: NNPC targets $10 oil production cost
The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the...
Kwara receives FG’s 1,800 bags of rice, 700 kegs of cooking oil
…We’re grateful — Gov Kwara State Government has received 1,800 bags of 50kg bags of rice and 700 pieces of 25litres of vegetable oil as its share of the...
Oil hits 18-year low as lock downs diminish demand
The coronavirus pandemic took its toll further on world economy as Crude oil fell sharply on Monday with U.S. crude briefly dropping below 20 dollars and Brent...
Oil hits $70 a barrel as Iran, Trump confront eachother
Oil prices rose a further 2 per cent on Monday, pushing Brent above 70 dollars a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the...
Nigeria’s dependent on oil, a big disaster—World Bank
The Senior Agriculture Economist, World Bank, Dr. Adetunji Oredipe, on Thursday said the neglect of the agriculture sector when Nigeria’s economy became...
Nigerian oil sector, a prime investment destination – Baru
… The Nigeria oil and gas industry is still a major investment destination in Africa grossing over 24.8 per cent of foreign direct investments coming to the...
