Nigeria’s forex reserves fall below $36bn despite oil rally
Nigeria’s foreign exchange reserves have declined below $36 billion to the lowest level since Jan. 8, 2021 despite the recent
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Energy
DPR issues licence for Nigeria’s first floating LNG plant
The Department of Petroleum Resources announced on Monday that it had issued a licence to UTM Offshore Limited, an indigenous oil and
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NNPC records 54% increase in monthly trading surplus
The Nigerian National Petroleum Corporation has announced a trading surplus of N13.43 billion for November 2020, up by 54 percent
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Nigeria moves to keep investment flowing as oil majors slash spending
The Nigerian National Petroleum Corporation has said it is renegotiating commercial contract terms with major oil firms in the country,
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Shell posts $21.68bn loss as pandemic hammers oil demand
Royal Dutch Shell has reported a loss of $21.68 billion for the year 2020 as COVID-19 hammered oil demand, compared
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Alleged $213m fraud: Judge issues arrest warrant for ExxonMobil Nigeria MD
A Nigerian judge has issued an arrest warrant for the Managing Director of ExxonMobil Nigeria, Mr Richard Laing, for failing
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Conoil’s annual profit falls 24% to N2.15bn
Conoil Plc has reported a profit before tax of N2.15 billion for the 2020 financial year, down by 24 percent
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Total Nigeria’s pretax profit rises to N3.09bn
Total Nigeria Plc has reported a profit before tax of N3.09 billion for the 2020 financial year, up from N3.07
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Ex-petroleum minister, Kachikwu, to unveil four new books
A former Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has announced that he will present his four new
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MRS Oil Nigeria posts N2.28bn annual loss
MRS Oil Nigeria Plc has reported a loss before tax of N2.28 billion for the 2020 financial year, compared to
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