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Dangote Confirms Oil Mafias Stronger Than Drug Mafias
Cartels, commonly referred to as 'Mafias,' are more dominant, stronger in the oil sector than in the drug business network, billionaire businessman Aliko Dangote...
RESCUE PLAN IN THE OIL AND GAS SECTOR
Undeniably, the oil and gas industry holds the key, at least in the short term, to Nigeria’s prosperity. The imperative to get Nigeria’s natural,...
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Nigeria’s current trade balance rises to $1.43bn amid economic challenges
Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic...
Analysts Warn Against Rationalizing Reaction to OPEC+ Meeting
It is perhaps unwise to attempt to rationalize the market reaction to the various June 2 OPEC+ meetings, analysts at Standard Chartered Bank, including...
Dangote Refinery purchases fresh 5m barrels of US crude oil
Latest report from Bloomberg published on July 11, 2024, confirms the local refining company, Dangote Refinery has initiated a tender process intending to buy a further...
Modular refineries set sights on US crude to fill supply gap
Modular refineries in Nigeria are seeking a consistent supply of crude oil from the United States to address a supply gap, according to BusinessDay...
TotalEnergies Donates Breast Cancer Mammography Centre
By Adedayo Osho
In its efforts to improve healthy living, and boost Nigeria’s fight against breast cancer, TotalEnergies, in collaboration with partners, including Nigerian National...
South African court throws Shell a lifeline in exploration dispute
Shell has lost a South African court appeal that was attempting to overturn a previous judgment blocking offshore oil exploration on the Wild Coast, in...
TotalEnergies, Staatsolie Move Towards FID for Suriname Block
TotalEnergies and Staatsolie Maatschappij Suriname N.V, the Suriname national oil company, said they have taken “several significant steps” towards a final investment decision (FID)...
Oando’s bid to get Eni’s $500 million Nigeria asset approved
Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of a Nigerian subsidiary to Oando PLC.
Sale of...
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