PRESIDENT BUHARI APPROVES FORMATION OF TRILLION NAIRA COMPANY TO ADDRESS INFRASTRUCTURE DEFICIT President Muhammadu Buhari has approved the establishment of a Public-Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1 Trillion. It is envisaged that, over time, the entity will grow to N15 Trillion in assets and capital. Infra-Co will […]
NIGERIA: Oil exploration drops by 150% as stakeholders call for passage of PIB Oil exploration has dropped by 150 percent in Nigeria in the past year, thus causing stakeholders to make case for immediate passage of the Petroleum Industry Bill, PIB into law. In its latest report obtained by The Daily, http://www.thedaily-ng.com, the Organisation of
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The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to a global standard. The downstream has the capacity to improve revenue from the oil and gas sector, increase contribution to Gross Domestic Product (GDP), and create massive employment, but has been bedeviled
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CRYPTOCURRENCY: We have sole right to regulate trading in Nigeria — SEC As the controversy over the use of cryptocurrency continues to linger, the Securities and Exchange Commission, SEC has disclosed that it has the responsibility to regulate trading on all digital assets, including the currency in Nigeria. The Central Bank of Nigeria (CBN) Circular of February 5, 2021, had previously
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Ambode, Tinubu mourn, extol as Jakande dies at 91 By Alison Godswill The immediate past Governor of Lagos State, Akinwunmi Ambode, and the former Governor of Lagos State, Bola Ahmed Tinubu, have mourned as well as extolling the virtues of the first civilian governor of the state, Alhaji Lateef Kayode Jakande, who passed on in his
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OIL MARKET: Recent tension in the Middle East posses uncertainty in the market — IEA The recent tension in the Middle East has once again added a layer of uncertainty to the oil market outlook, according to the International Energy Agency, IEA. In its latest Oil Marker report, obtained by The Daily, www.thedaily-ng.com, the IEA, stated: “The
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You can live stream the FA cup tie between BARNSLEY VS CHELSEA How to livestream FA Cup Follow us on twitter to get the live stream links on pur pages. After following on Twitter, turn on your post notifications so you don’t miss the update. Click the live stream link. If you are streaming form
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OPEC daily basket price stood at $60.45 a barrel Wednesday, 10 February 2021, compared with $60.28 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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By Alison Godswill The price of Nigeria’s Bonny Light has risen to $60.52 per barrel, apparently the highest in 2021, as the Organisation of Petroleum Exporting Countries, OPEC continues to pursue its oil cut deal. The prices of other crudes, including Brent, OPEC Basket, and the Urals also rose from over $50 to $61.14, $60.28,
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The Organisation of Petroleum Exporting Countries, OPEC, has revised non-OPEC supply growth in 2021 down by about 0.2 million barrels per day, mb/d, indicating an increase of 0.7 mb/d, to average 63.3 mb/d. In its February 2021 report obtained by The Daily, www.thedaily-ng.com, OPEC stated: “The forecast for non-OPEC supply growth in 2021 has been
