Post Tagged with: "Crude Oil"

crude oil vessel COSGRACE_LAKE blaclisted in nigeria

Nigerian Navy Confiscates N420bn Crude Oil In 2016

News February 3, 2017 at 6:35 pm 0 comments

In his 2017 budget defence at the House of Representatives, the CNS disclosed that the Nigerian Navy confiscated crude oil and diesel worth about N420 billion in 2016.

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Warri refinery

Nigeria: Crashing Oil Wealth And The Urgent Call For Diversification, By Olawale Rotimi Opeyemi

Opinions June 13, 2016 at 7:42 am 0 comments

The economic woes befalling Nigeria has been attributed to the crashing oil price in the global market, over the years,

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Lagos Begins Production Of Crude Oil

Lagos Begins Production Of Crude Oil

News May 4, 2016 at 7:30 am 0 comments

Lagos State has joined the list of Oil Producing States in Nigeria twenty years after crude oil was discovered at the Aje field located.
The Federal Government had granted Yinka Folawiyo Petroleum the Oil Prospecting License 309 in June 1991 as a sole

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crude oil vessel COSGRACE_LAKE blaclisted in nigeria

Oil Price Falls Below $27/bbl

Business January 21, 2016 at 6:43 am 0 comments

For the first time since 2003, the  price of Brent crude, the world’s benchmark oil yesterday sold below $28 a barrel, America’s crude grade – West Texas Intermediate (WTI) $26.62 and OPEC basket grade $23.85 a barrel on Tuesday.
Despite over 25 per cent slump in oil price so far

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NNPC Signs New Crude Oil Swap Deals With Foreign Companies

NNPC Signs New Crude Oil Swap Deals With Foreign Companies

Business September 10, 2015 at 8:55 am 0 comments

Nigerian National Petroleum Corporation, NNPC, has set up four new crude swap contracts to replace those cancelled last month that were vital for bringing in about half of domestic fuel demands, National Mirror is reporting.
NNPC cancelled the 2015 deals with Nigerian companies Sahara Group, Aiteo Group and NNPC’s trading

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Emirates Made $5bn More From Ticket Sales Than Nigeria Made Selling Crude In 2014

Emirates Made $5bn More From Ticket Sales Than Nigeria Made Selling Crude In 2014

Business July 10, 2015 at 6:10 am 0 comments

The Managing Director, Omni-Blu Aviation Services, Mr. Akin Olateru has disclosed that Nigeria needed to focus more attention to the development of aviation sector for it to earn respectable revenues just like other countries around the world.
Olateru told journalists during the week at the launch of Sesby’s Travels and

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