Latest News for: Nigeria oil

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Nigeria’s drag on US fish export ban questions FG’s diversification plan

Business Day Online 03 Mar 2021
Since 2017 Nigerian government’s tardiness in providing the STR document forced the US to place a ban on catfish export from Nigeria in March 2018 ... “The ban is killing Nigeria’s fish industry and reducing our non-oil earnings especially at a time the country is in crucial need of FX,” Oloye said.
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Enelamah Backs Downstream Deregulation

This Day 03 Mar 2021
Total Deregulation of Nigeria’s Downstream Oil and Gas Sector ... Delivering his lecture, the Guest Speaker and Chairman of Major Oil Marketers Association of Nigeria (MOMAN), Mr ... (Upstream through downstream) an providing value for the Nigeria consumer and the Nigerian economy.
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Reps to probe 5.2m barrels crude allocation to direct sale, purchase in 3 years

Business Day Online 03 Mar 2021
Presenting the motion, Yalleman recalled the contents of a report published in This Day Newspaper of 14th February 2021 which brought to national attention the unfortunate details of how Nigeria’s crude oil is being stolen or diverted daily ... Why Nigeria’s oil industry is losing investments; Okowa.
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Over 30 bilateral agreements between South Africa and Nigeria, little implementation – Consul General

Business Day Online 03 Mar 2021
You may be aware that between Nigeria and South Africa, 90 percent of our trade relies on oil ... Nigeria gets car parts from South Africa and all of that, but we get more oil from here ... Apart from oil, which South Africa gets from Nigeria ... What we get from Nigeria is predominantly oil.
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Agri Capital calls for agro-industrialisation, list crops to bridge industry gaps

Business Day Online 03 Mar 2021
According to the Food and Agriculture Services (FAS) of the US Department of Agriculture, Nigeria is deficient in maize, rice, wheat and oil palm production, among others ... Manufacturers spend billions of dollars yearly importing agricultural commodities that Nigeria can cultivate, ranging from oil palm to beverages.
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WTO new head is on a mission to advance the prospects of common development

China.dot.org 03 Mar 2021
However, she made enormous efforts to improve Nigeria's macroeconomic management, which included, among other things, the implementation of an oil price-based fiscal system where revenues accruing above reference benchmark oil price were saved in a special account, called excess crude account, which helped to reduce macroeconomic volatility.
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Four things to expect as OPEC+ debates production cuts Thursday

Business Day Online 03 Mar 2021
Nigeria will on Thursday join some of the world’s largest oil producers, under the auspices of the Organisation of Petroleum Exporting ...
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Global Oil and Gas Market Report 2021: COVID-19 Impact and Recovery - Forecast to 2025 & 2030 - ResearchAndMarkets.com

The Oklahoman 03 Mar 2021
The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria and the UAE (United Arab Emirates) which are largely dependent on revenues generated through crude oil exports; whereas significant increase in oil prices had ...
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Petronav Carriers brings in MR tanker for West Africa project

Splash24/7 03 Mar 2021
With its management based in Piaeus, Petronav manages in-house a fleet of crude oil carriers and trades them in West Africa.
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Nigeria: Non-Passage of PIB Robbing Nigeria of Huge Investments - Okowa

All Africa 03 Mar 2021
Nigeria's oil and gas industry has lost huge investments due to the non-passage of the Petroleum Industry Bill (PIB), Governor Ifeanyi Okowa of Delta State has said ....
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Why Nigeria’s oil industry is losing investments – Okowa

Business Day Online 02 Mar 2021
Delta Governor, Senator Ifeanyi Okowa, on Monday said Nigeria’s oil industry had lost substantial investments due to delay in the passage ...
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FG, crude oil theft, pipeline sabotage is getting out of hand

Business Day Online 02 Mar 2021
The company pioneered oil exploration in Nigeria and accounts for nearly 40 percent of Nigeria’s total oil output ... As of 2020, Shell joint venture asset’s in Nigeria includes, 340 producing oil wells; 56 producing gas wells; a network of approximately 4,000 kilometres of oil and ...
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COMMENTARY: What to expect amid Nigeria’s gradual road to economic recovery

Business Day Online 02 Mar 2021
World Bank projects Nigeria to expand 1.1% in 2021 ... Nigeria certainly has the potential to exceed these growth estimates due to rising oil prices and improving global economic conditions ... Diversification & oil reliance. It is widely known that diversification has the potential to cure Nigeria’s dependence on oil.
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