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Home Tag oil sector

Tag: oil sector

Lagos fuel crisis escalates to all parts of the state, scarcity caused by contaminated product

Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim

by Chike Olisah

Oil marketers have threatened down tools by next week if the Federal Government does not pay the 12 months bridging ...

Recession, 2020 revised budget, spending inefficiencies, and a looming debt hole , President Muhammadu Buhari, loans, Oil price, FG, Solar vehicles, P&ID firm, Nigeria's GDP, Debt Servicing: Nigeria pays $1.12 billion to World Bank, others in 10-month , How the latest Fitch report affects you in 2020 , Nigeria’s credit rating faces downgrade by Fitch, Nigeria’s fiscal crisis looms, oil hits $32, S&P downgrades Nigeria to junk rating, as India cuts interest rates

Nigeria’s oil sector contracts by 13.89%, as covid-19 plunges economy into recession

by Samuel Oyekanmi

November 21, 2020

The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, ...

NCDMB launches LPG Composite Cylinder Manufacturing plant in Bayelsa, IOCs, Nigeria, Timipre Sylva, crude oil, Minister proposes 2020 timeline for rehabilitation of Warri, Kaduna refineries , FG to cut huge energy cost through gas commercialisation initiative, FG discloses plan to sell fuel at N97 per litre , FG give reasons why it won’t allow marketers determine petrol price despite deregulation, FG explains reasons for deregulating downstream oil sector

Minister of Petroleum explains reasons for subsidy removal

by Chike Olisah

The Minister said it was unrealistic for the government to continue with the subsidy regime.

Top 10 Nigerian banks by Account Maintenance Income

Banks to recover N6.125 trillion loan from oil firms

by Titobioluwa Okunade

January 13, 2020

Commercial banks in Nigeria are set to begin the recovery of N6.125 trillion borrowed to oil firms in a bid ...

Nigerian oil cargo

Chart of the day: Oil contribution to Nigeria’s GDP remains low

by Research Team

The contribution of the oil sector to Nigeria’s Gross Domestic Product (GDP) is slightly on the rise, after witnessing a ...

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