Nigeria’s rig count rises 27.3% to 14 — OPEC By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has disclosed that Nigeria’s rig count rose, year-on-year, YoY, by 27.3 per cent to 14 in June 2023, from 11 in June 2022. It also maintained that on month-on-month, MoM, the country’s rig count rose by […]
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How Governor Adeleke commended First Bank for reopening Ede Branch By Eyo Nsima Osun State Governor, Ademola Adeleke, has commended the management of First Bank for rebuilding and reopening its branch in Ede, Osun state. Speaking at the inauguration of the strategically located branch Friday, he said: “The conditions responsible for the closing of Banks’
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NIGERIA’s HIGH FUEL PRICE: It’s not about NNPC but market fundamentals — IPMAN By Eyo Nsima The national operations controller, Independent Marketers Association of Nigeria, IPMAN, Mike Osatuyi, said the high price of petrol in Nigeria does not have much to do with the NNPC Limited. According to him, the high price of the product
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JUST IN: NNPCL increases petrol pump price to N617 per litre By Eyo Nsima NNPC Limited has raised the petrol price to N617 per litre from N537 in Abuja, Nigeria. The company has not given reasons for the change in price, but operators are allowed to increase or reduce prices in the spirit of deregulation.
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NASENI Invites Producers of Lithium Batteries to Manufacture in Nigeria Receives Chinese delegation The National Agency for Science and Engineering Infrastructure (NASENI) is calling on investors to collaborate with the Agency in local production and domestication of Lithium batteries among other renewable energy solutions. The Executive Vice Chairman/CEO of NASENI Dr, Bashir Gwandu speaking
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Oil marketers start fuel importation — NMDPRA By Eyo Nsima The hope for increased supply of petrol has emerged as oil marketers have embarked on importation. Before now, the product was mainly imported by the NNPC Limited and marketed by the major and independent oil marketers. But speaking at the stakeholders’ engagement with stakeholders in
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Oil theft: NUPRC sets up regulatory framework that will address oil revenue loss- Komolafe .Says commission is focused on prevention and elevation of transparency in the energy sector As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the
MARITIME ACCIDENT: US Navy transport ship aground in Persian Gulf By Our Correspondent A United States Navy transport ship that ran aground in the Persian Gulf has been refloated, according to FleetMon. It stated: “Was refloated at around 0040 UTC Jul 16, taken to nearby Khalifa Bin Salman Port anchorage, anchored. Remained anchored as of
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MARITIME ACCIDENT: How Cruise ship NORWEGIAN PRIMA broke off moorings BY Our Correspondent A Cruise ship NORWEGIAN PRIMA broke off her moorings in the afternoon of July 15, 2023, at Zeebrugge, according to FleetMon. It stated: “Cruise ship NORWEGIAN PRIMA broke off her moorings in the afternoon Jul 15 at Zeebrugge, in strong wind weather.
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SNEPCO’s MD calls for attractive fiscals in oil sector investments Managing Director of Nigeria’s leading deep-water oil and gas company, Shell Nigeria Exploration and Production Company (SNEPCo), Mrs. Elohor Aiboni, has urged the Nigerian government to replicate the Petroleum Industry Act’s (PIA) good fiscals terms for onshore oil projects and to put in place positive fiscal terms for gas projects
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