“Even now, Nigeria exports crude oil and imports petroleum products. When your economy is based on one volatile commodity, you cannot determine the price,” he said.
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NESI said in its daily statistics on energy losses that the industry lost N1.525 billion on December 24, 2016 alone. It was also disclosed that about 12 power stations could not produce electricity during off-peak under the review period.
03 January 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $53.30 a barrel…
03 January 2016, Sweetcrude, Abuja — THE Nigeria Export Processing Zones Authority, NEPZA, has granted a license to Nigeria’s largest…
02 January 2017, Lagos – The Organisation of Petroleum Exporting Countries (OPEC) has said the demand for its crude would…
02 January 2017, Lagos – The Nigerian stock market went down by 6.17 per cent in 2016, making it the…
02 January 2016, Abuja – The Nigerian National Petroleum Corporation (NNPC) last week disclosed that the country’s oil and gas…
02 January 2017, Lagos – There is a huge potential for stimulating multi-million dollar investments into Liquefied Petroleum Gas (LPG)…
Kunle Kalejaye 02 January 2017, Sweetcrude, Lagos — In early 2001 following a visit to Moscow, President Vladimir Putin sent…
*Accuses him of blackmailing the Niger Delta 02 January 2016, Lagos — The Movement for the Emancipation of the Niger…