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MRS OIL NIGERIA - NEWS
Nigerian insurance industry witnesses impressive growth as premium volume reaches N726.2 billion in 2022.
Over 5,000 applicants from across Nigeria have been shortlisted by the Petroleum Technology Development Fund (PTDF)
Oil marketers in the country may still not afford full premium motor spirit (fuel) orders following a new directive issued by the Nigerian National Petroleum Company (NNPC) Limited over the weekend.
ASI traded 0.02% lower to close at 55,806.71 index points as against 55,820.50 index points recorded in the previous day’s trading session.
The All-Share Index (ASI) traded 0.05% higher to close at 55,769.28 index points as against 55,738.35 index points recorded in the previous day’s trading session.
The amount expended on subsidies from 2005 to 2021 was equivalent to the entire budget for health, education, agriculture and defence in the last five years.
The numbers agree with his assertion, as Nigeria’s crude production continues to decline according to the latest reports.
There are reports that the world’s largest single-train refinery, the Dangote Refinery, is set for inauguration by President Muhammadu Buhari on May 22, 2023.
Aker SA and TRG have agreed to sell their shares in Aker Energy AS (Aker Energy) to AFC Equity Investment Ltd, a company owned by AFC.
The removal of fuel subsidies is, expected to spur investments in domestic refining and petrochemicals and create a significant value chain for the various stakeholders.
Oando will delist from the Nigeria Exchange (NGX) subject to the approval of its shareholders at the company's court-ordered meeting.
Five Nigerian oil companies recorded a 4.6% decrease in post-tax profits, despite a 31.3% increase in revenue due to high operating costs.