16/10/2020· However, the market ended flat for the second day as the Nigerian Stock Exchange (NSE) closed at 28,344.04, while market capitalisation remained unchanged at …
21/7/2020· CONTACT: ResearchAndMarkets Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office
29/9/2020· Read Also: BREAKING: Buhari presents 2021 budget next week The bill, also proposes the scrapping of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum …
20/10/2020· NNPC said in its audited financial statement for 2019 that its loss last year fell to just US$4.4 million (1.7 billion Nigerian naira), compared to a loss of US$2.1 billion (803 billion naira) in
16/10/2020· The Nigerian National Petroleum Corporation has threatened to serve legal redress against SaharaReporters and Nairaland for publishing reports that it bribed the National Association of Nigerian Students (NANS) and provided funds for the All Progressives Congress
Nigerian imports from the U.S. include wheat, vehicles, spare parts and machinery, refined petroleum products, military hardware. Nigeria exports to the U.S. in 2018 consisted of oil, cocoa, rubber, antiques, and food wastes, and accounted for 8.02% of its 5 export destination volume making the U.S. Nigeria’s 6th largest export destination.
Nigeria’s 2020 budget is based on an anticipated oil price of $57/bl, but the decline in the price of the Brent benchmark crude has forced the government to revise this to $30/bl while maintaining proposed production volumes at 2.18mn bl/d. The crash in prices means
Refining in Nigeria began a decade after oil was discovered in the oil-rich Niger Delta region in the 1950s. Initially starting out in 1965 with a refining capacity of 38,000 barrels per day (bpd), Nigeria''s refining capacity has grown over the years and is considered the 4th
Nigerian crude oil production has averaged 1.76 million b/d for the first seven months of this year compared with 1.90 million b/d in 2019, according to S&P Global Platts estimates, Nigeria has already had to cut back its oil production as it faced up to the double whammy of a lack of buyers and storage facilities, even as oil prices recovered from 21-year lows in April.
26/9/2020· A deal to develop and commercialize gas from Oil Mining Lease (OML) 143 has been signed by the National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO
Flexible hose for Oil & Gas IVG Colbachini Flexible solutions designed for different needs of Oil & Gas sector:-hoses for hot and potable water;-steam hoses (up to 210 C and 18 bar working pressure);Network IVG worldwide We are present in more than 100
5.1.3 Fuel-Grade Petcoke market Sales, Revenue, Average Selling Price and Gross Margin (2015-2020) 5.1.4 Fuel-Grade Petcoke market Products Introduction 5.2 Company B 5.2.1 Company Profile 5.2.2 Business Overview 5.2.3 Fuel-Grade Petcoke market
The Nigerian Oil and Gas Industry has developed, focusing on increasing indigenous participation in the industry. This is reflected through the Nigerian government initiative of increasing Local Content and ensuring that indigenous companies have a greater part in developing oil and gas assets. The current climate of the industry has largely been influenced by the…
The Nigerian LPG market is fully deregulated; hence the private sector plays a major role in importing the product. Nigerian LPG production surpasses local demand by a ratio of 5 to 1, based on 2017 data, yet 60% of the LPG used in Nigeria is imported.
Nigeria would privatise NNPC, amend royalties under draft oil reform bill President Muhammadu Buhari has sent the bill to the Senate, two sources told Reuters. It, along with the House of Representatives must sign off on it before it can become law. Nigeria is Africa
13/4/2020· Basically, the Nigerian government essentially must lead economic diversifiion drive. It is one practicable way to saddle through the current economic uncertainties and instabilities. What the consequences of COVID-19 pandemic should further offer the Nigerian economic managers and policymakers, is that the one-tracked, monolithic reliance on oil is failing.
The upstream sector, the most active sector of the Nigerian petroleum industry, is largely export-focused and until recently dominated exclusively by international oil companies. The Nigerian government’s marginal fields licensing regime and its local content development drive have led to increased participation of indigenous oil companies in the petroleum industry.
Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Nigeria. Includes comprehensive data and analysis, tables and charts, with five-year forecasts. Nigeria Statistics Consumer Lifestyles in Nigeria Nigeria Country Briefings Future Demographics: Nigeria in 2030
29/9/2020· ABUJA – The Federal Government of Nigeria declared Monday in Abuja that the days of crude oil as driver of global economy , are nuered . As a way of making the best of the remaining days of relevance of petroleum in the global market , it sought the cooperation of the National Assely for
ANALYSIS OF ENERGY MARKET CONDITIONS IN NIGERIA CENTRAL BANK OF NIGERIA Authors: Chukwueyem S. Rapu Adeniyi O. Adenuga Williams J. Kanya Magnus O. Abeng Peter D. Golit Margaret J. Hilili Ibrahim A. Uba Emeka R. Ochu October 2015
Twenty ships are discharging petroleum products and other commodities at the Apapa and Tin-Can Island Ports in Lagos. 20 ships discharge petro in unconsolidated sedimentary coastal aquifer in Lagos Lagos in order to ascertain the ex- tent of the conformity of groundwaterLarge submarine groundwater discharge (SGD) from a volcanic island, Geophys
19/10/2020· Lagos — The Senate and the House of Representatives will on Tuesday, October 20, consider the revised Petroleum Industry Bill, PIB, when it comes up for second reading in both chaers of the National Assely. Senate President Ahmed Lawan and Speaker of the Houser of Representatives Femi Gbajabiamila revealed this separately. This is after the […]
Down too went the Nigerian econ omy, crashing along with petroleum prices. In spite of efforts to revamp the economy through the Structural Adjustment Programme, an economic package that includes comprehensive non-oil export diversifiion initiatives, petroleum still con tributes an average of 95 per cent of the nation''s external earnings.
[179 Pages Report] The global refinery alysts market size is expected to grow from USD 4.0 billion in 2020 and USD 4.7 billion by 2025, at a CAGR of 2.9% during the forecast period. The growth of this market can be attributed to the rising demand for petroleum
Grand Petroleum is part of the Nigerian conglomerate The Nosak Group. "The acquisition includes assets such as - lubricants brand - HiSpeed and a state-of-the-art blending plant with an annual capacity of about 50,000 metric tonnes in Lagos, which includes storage tanks with a capacity of 6,000 kilolitres," the company said in a statement.