Nigerian Newspapers Headlines, Thursday, December 6, 2018

BUSINESSDAY Apapa gridlock set to ease as work on Ijora Bridge completed CSL stockbrokers see widen fiscal deficit in 2018 on FG’s revenue shortfalls Amosun disburses N72m for community projects in Ogun Shun acts that can trigger civil war, Ambode tells Nigerians Arbitration in Nigeria: The dawn of a new era of readiness and willingness […]

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Nigerian Newspapers Headlines, Thursday, November 29, 2018

BUSINESSDAY Nigeria, Saudi Arabia advance talks on stabilisation of global crude prices 2019: No complaints of breach of campaigns rules from parties ‘ INEC Nigeria economy to grow slightly below 2% in 2018 ‘ World Bank CDC plans to invest $1.2-Billion in Nigerian banking sector in four years AFC to invest in Cameroon’s ‘1.2bn power […]

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Nigerian Newspapers Headlines, Friday, November 16, 2018

BUSINESSDAY Early investors stake claim on Nigeria’s off-grid electricity market Experts advise Nigerians to cut intake of antibiotics Oil price decline adds to unease over Nigeria’s economy Coca-Cola set to exercise 100% option to buy Chi Limited Kwara pensioners call for approval of minimum wage Child trafficking, gender equality top agenda as ECOWAS Parliament begins […]

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OVERHAUL OF NATION’S REFINERIES BEGINS NEXT MONTH – IBE KACHIKWU

Minister of State for Petroleum, Dr. Ibe Kachikwu, yesterday, said the much-awaited overhaul of the country’s refineries would become a reality next month, as plans have been concluded to complete necessary arrangement with financials. The minister, who reviewed efforts of the current administration in the oil and sector, noted that President Muhammadu Buhari and the […]

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US/IRAN TENSION: OIL PRICES HIT $80 TODAY BUT NIGERIA LOSES 250,000B/D AS SHELL DECLARES FORCE MAJEURE

Oil prices hit $80 a barrel on today(17/5/18) for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market but Nigeria may lose out as Shell declared force majeure on the exports of Nigeria’s major crude oil, the Bonny […]

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OIL AND GAS WILL PROVIDE HALF WORLD’S ENERGY NEEDS IN 2040, WHILE DEMAND WILL INCREASE BY 35%,

  The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and gas together are still expected to provide more than half of the world’s energy needs from 2016 to 2040.   He made this statement at the Nigerian International Petroleum Summit, (NIPS) in Abuja   According to him, […]

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US SHALE OIL PRODUCTION WONT AFFECT PLANS FOR OIL STABILITY – OPEC CHIEF

Suhail Al Mazrouei, president of the Organisation of Petroleum Exporting Countries (OPEC), says increased US shale oil production will not significantly distort plans for oil market stability. Speaking to Bloomberg in Dubai, on Monday, Al Mazrouei said the market is expected to return to balance towards the end of this year. “Shale is coming and the expectation […]

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Sale Of Recovered Stolen Crude Oil: Navy-EFCC-NNPC And The Web Of Sordid Details By Ifeanyi Izeze

In his 2017 budget defense at the House of Representatives, the Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas, while presenting the operational scorecard for his service for 2016 disclosed that the Nigerian Navy confiscated crude oil and diesel worth about N420 billion from oil thieves and illegal refinery operators. According to him, the “specific […]

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Nigeria saves N15.4 billion monthly from fuel subsidy removal – Osinbajo

Vice-President Yemi Osinbajo says the fuel subsidy removal has removed a burden of not less than N15.4 billion monthly from the Federal Government. Mr. Osinbajo said this in Abuja on Thursday at the 2016 presentation of scorecard of the Ministry of Petroleum Resources and Agreements Signing ceremony for Joint Venture Cash Calls (JVC) exit. Represented […]

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Russia decision to join OPEC to implement output freeze pushes oil price to one-year high

Oil prices hit one-year high on Monday, as Russian President Vladimir Putin said his country would join the Organisation of Petroleum Exporting Countries (OPEC) in implementing an output freeze. Speaking at the World Energy Congress in Istanbul, Putin signaled that his country, which is one of the top three producers of oil, may even agree to […]

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