The African Export-Import Bank, Afreximbank, has commenced talks with oil traders for the execution of the $3 billion emergency loan to Nigeria through the NNPC Limited.
An authoritative oil… Read More
ROLE OF BANK EXPORT PROMOTION FOR ECONOMIC GROWTH
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Data obtained from the Organization of the Petroleum Exporting Countries (OPEC) has shown that Nigeria’s oil production for August rose to 1.1 million barrels per day from 1 million… Read More
It was the great sage, Chinua Achebe, who in his last piece before his demise, described a certain nation with the words “There was a Country”. Indeed, considering the recent tur… Read More
Even after falling more than a dollar a barrel in the previous session, crude oil benchmarks recorded their their-straight weekly gain as the dollar strengthened and oil traders boo… Read More
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BUENOS DÍAS and welcome to Brussels Playbook. During a meeting on Tuesday with Brussels journalists (at… Read More
Major Takeaways
The Dangote Refinery when operational will be able to meet Nigeria’s gasoline demands and export any surplus petroleum products.
A declining supply of crude oil alo… Read More
OPEC has reported that oil output rose last December following a recovering production in Nigeria, despite an agreement by the wider OPEC+ alliance to cut production targets to support the… Read More
A survey has revealed that oil output by the Organization of Petroleum Exporting Countries (OPEC) rose in February led by a further recovery in Nigerian supply by as much as 100,000 addition… Read More
The Federal Government has announced plans to establish a reliable database to determine the appropriate tariff methodology for the country’s transportation and bulk storage of crude o… Read More
More Nigeria Liquefied Natural Gas [NLNG] gas cargoes planned for February 2023 may be canceled due to pipeline vandalism.
The NLNG, the company that exports natural gas from the country… Read More
...As OPEC Run on 3.6mpd Below Target
As OPEC nations continue to struggle with production quota, data show that in August the two biggest laggards in production quotas were Russia of th… Read More
One of the major roadblocks that have thwarted economic productivity and growth in Africa has been gaping energy deficits.
Another of Africa’s paradoxes, that whilst the continent is e… Read More
Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, at the weekend announced that the Nigerian National Petroleum Company Limited (NNPC)… Read More
So tight is the availability of {dollars} in Nigeria today that even huge worldwide airways are struggling to repatriate income from ticket gross sales. Emirates announced it might droop… Read More
Nigeria is unable to meet its Organisation of Petroleum Exporting Countries (OPEC) monthly oil production quota in over five years, no thanks to oil theft, which continues to thrive in the… Read More
Nigeria’s attempt to scrape every barrel continues as the West African nation has requested an increase in its oil production quota due to dwindling oil revenue. According to OPEC, Nig… Read More
Markets remain turbulent
Volatility continues to be the winner overnight, particularly in the commodity space as the street engaged in its latest grasping at straws attempt to price in &ldqu… Read More
OPEC oil output has risen for a seventh month in January, a Reuters survey found, after the group and allies agreed to ease record supply curbs further, although an involuntary drop in Niger… Read More
The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion… Read More
Nigeria exported agro-food items worth N165.27 billion in the second quarter of 2021, representing a 112% increase compared to N78.03 billion recorded in the corresponding period of 2020… Read More
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a positive development, the rising prices of crude oil in… Read More
Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarb… Read More
For a glimpse of the growing disparity in the oil market’s recovery, look at crude sales from West Africa.Nigeria, the region’s biggest producer, has slashed prices while struggl… Read More