NewsColony

Tag : Crude Oil

Business

NNPC obtains $1 billion to fund upstream operations of NPDC

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The Nigerian National Petroleum Corporation, NNPC, yesterday, said, it has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary,...
Business

NCDMB: Oil industry content development saves Nigeria $2 billion

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Following the implementation of Nigerian Oil and Gas Industry Content Development (NOGICD) Act in the Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train-7...
Business

Zenith Bank chief calls for promotion of non-oil exports

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Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for a concerted effort towards diversifying the country’s export base through the promotion...
Business

Agip: Rivers oil leakage not from our facility

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The Nigerian Agip Oil Company (NAOC) has denounced reports its facilities spewed crude oil into the Orashi River in Rivers State. A statement on Thursday...
Business

Nigerian bank boosts oil production with $200 million facility

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The United Bank for Africa Plc (UBA) has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part...
Business

Algeria allows first Islamic finance products by state banks

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Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources to...
Business

NNPC to sue Mexican oil firm over ‘stolen 48 million barrels of crude’

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The Nigerian National Petroleum Corporation (NNPC) says it is taking legal action against a Mexican international oil firm which it accused of being a crime...
Business

PPPRA accused of secrecy in indices guiding petroleum pump price

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The Women in Energy Network (WIEN) has accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of secrecy in the computation of the indices guiding pump...
Business

Nigerian government explains reasons behind deregulation policy

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The federal government has said in view of recent misguided comments and innuendos, it has become expedient for the Ministry of Petroleum to explain misconceptions...