Nigeria is on the verge of another fuel crisis and a nationwide blackout of unimaginable proportion as workers of the Nigerian National Petroleum Corporation, NNPC, Wednesday, shut down the activities of the corporation nationwide over the unbundling exercise. The workers, under the aegis of the Petroleum and Natural Gas …
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President Muhammadu Buhari on Tuesday approved the immediate unbundling of the Nigerian National Petroleum Corporation, NNPC, into seven independent operational units. The Minister of State for Petroleum Resources, Ibe Kachikwu, who announced the unbundling of the national oil company in Abuja, said five of the seven operational units will be …
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Russian President Vladimir Putin said Wednesday that he had sealed a pact with the country’s oil majors to freeze production as proposed last month by Moscow and Saudi Arabia to curb slumping prices. “Yesterday we met with the management of our leading oil firms, and on the whole an agreement …
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Revenues from Nigeria’s oil sales declined by over two-thirds between September last year and July this year with “dire consequences” for Africa’s largest economy, the Nigerian National Petroleum Corporation has said. “The receipts witnessed a sharp decline of more than 67 percent from September 2014, when the receipt was at …
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President Muhammadu Buhari on Tuesday named himself as Nigeria’s petroleum minister. Buhari said he would personally head the Ministry of Petroleum Resources in the new cabinet,although there would be a Minister of State for Petroleum Buhari Addressing some select reporters in New York on Tuesday, after addressing a Global Leaders’ …
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The President of Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has said all those campaigning for the withdrawal of fuel subsidy as a pre-condition for investment in the downstream sector of the oil industry are not friends of the country and the masses. Wabba said the new Group Managing Director …
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