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Nigeria Posts $434.85million Crude Oil Export Sales in January

… As Vandalism of NNPC Pipelines Spikes (AFRICAN EXAMINER) – Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released today, in Abuja has stated.  The statement by […]

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Oil Prices Surge As Saudi Arabia, Russia Sue For Truce

(AFRICAN EXAMINER) – Global oil prices have reportedly surged after US President Donald Trump said he expected Saudi Arabia and Russia to end a feud that has driven the product prices to 18-year lows. Trump tweeted “I expect & hope” the two countries would agree to cut supply by 10 million barrels “and maybe substantially more”. […]

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FG Further Reduces Pump Price of Petrol to N123.50 Per Litre

(AFRICAN EXAMINER)- The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre. The agency made the announcement in a statement singed by its Executive Secretary, Abdulkadir Saidu, in Abuja on Tuesday night. “PPPRA in line […]

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Oil Price Crisis: Senate Constitutes Joint Committee To Engage Executive

(AFRICAN EXAMINER) – President of the Senate, Ahmad Lawan, on Tuesday announced the constitution of a Joint Committee to engage the Executive arm of government on measures to be taken to insulate the Nigerian economy against the impact of the sudden crash of crude oil price globally. The announcement came following a point of order […]

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ISOPADEC: Governor Uzodinma Saves N800m In Two Months

(AFRICAN EXAMINER) – The bid to stop the continuous misappropriation and embezzlement of funds in the Imo State Oil Producing Areas Development Commission, has seen the Imo State Governor, Hope Uzodinma, saving about of N800 million in the last two months of his assumption of office. Uzodinma disclosed this at the palace of the traditional […]

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OPINION – Refineries: Repairs Without Commensurate Results

By Jide Ayobolu (AFRICAN EXAMINER) – The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. The refineries posted a loss of N96.31bn in the same period in 2018, according to the NNPC data. Nigeria, Africa’s […]

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Opeans Safety Training Centre Dismisses EFCC’s Sealing Report

From  Ignatius  Okpara (AFRICAN EXAMINER) – Contrary to recent reports in some section of the media that Opeans Safety Training Centre at Opete near Warri, Delta state, has  been sealed up by the Economic and Financial Crimes Commission EFCC, management of the company yesterday debunked the reports, saying it was the handiwork of a fellow competitor […]

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NUPENG, PENGASSAN Shelve Proposed Strike Over Planned Sale Of Refineries

Major oil workers’ unions, the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have put off their proposed strike over the Federal Government’s plan to put on sale the country’s four refineries. The indefinite strike was to have started this week and would […]

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