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All posts tagged "Crude Oil"

  • Jonathan11
    Nigeria to witness downturn in crude oil export in 2014 – FG

    Nigeria may witness a drastic fall in the demand for crude oil from the global market in 2014, the federal government has disclosed. This disclosure is contained in Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper...

    • Posted September 22, 2013
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  • Yemi-Kale 1
    External trade rose by N242bn in Q2 – NBS

    The National Bureau of Statistics on Sunday said that the country recorded an increase of N242.3bn or 4.8 per cent in external merchandise trade in the second quarter of this year. The bureau, in its trade statistics...

    • Posted September 17, 2013
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  • Alhaji-Aliko-Dangote
    Dangote wants government to export petroleum products

    The President/Chief Executive Officer, Dangote Group, Alhaji Aliko Dangote, has urged the government to begin the production of petroleum products for export as part of strategies to diversify the nation’s export base. He made the call in...

    • Posted August 27, 2013
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  • Jonathan11
    FG committed to rapid diversification of Nigeria’s economy – President Jonathan

    President Goodluck Jonathan Thursday in Abuja reaffirmed his administration’s determination to do all within its powers to facilitate and encourage the rapid diversification of Nigeria’s economy. Speaking at an audience with the outgoing Ambassador of the Czech Republic to...

    • Posted August 22, 2013
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  • Oil Spill 2
    Navy, NSCDC seek stiffer penalty for oil thieves

    The Nigerian Navy and the Nigeria Security and Civil Defence Corps have advocated a stiffer punishment for oil thieves. The nation, which is losing over $7bn (N1.13tn) in revenue annually to oil theft, has continued to battle...

    • Posted August 18, 2013
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  • nigeria-oil-spills-pollution-2012-6-24
    Europe to ban oil stolen from Nigeria

    The European Parliament is set to stop the purchase of stolen oil from Nigeria in Europe. Any crude oil meant to be sold in the European market is now to be accompanied with a certificate of origin....

    • Posted July 22, 2013
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  • Shell logo
    Shell shuts oil pipeline six days after reopening, production drops by 150,000 barrels

    Six days after it reopened the Trans Niger Pipeline, which was shut down following a fire incident in June, Shell Petroleum Development Company of Nigeria Limited has again shut the pipeline due to a leak. As a...

    • Posted July 12, 2013
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  • NOIweala
    Okonjo-Iweala to FIRS: Consider birth certificate as tax registration

    As the country’s fortunes dwindles from the sale of crude oil, the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has instructed the Federal Inland Revenue Service (FIRS) to employ “any efforts” to...

    • Posted July 5, 2013
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  • naira_notes_3
    Nigeria retires matured bonds in move to curb local debt

    Nigeria retired matured bonds and plans to cut domestic borrowing to 500 billion naira ($3.1 billion) next year as part of a move to reduce growing debt,Bloomberg reports Finance Minister Ngozi Okonjo-Iweala said. This year’s local borrowing...

    • Posted June 9, 2013
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  • pipeline-vandalism
    FG intensifies efforts to curb $6b yearly loss to pipeline vandalism

    The Federal Government at the weekend stepped up efforts to curb the spate of petroleum pipeline vandalism that cost the nation an estimated $6 billion annually. Already, Minister of Petroleum Resources, Deizani Alison-Madueke has promised a robust and...

    • Posted March 11, 2013
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  • Finance Minister, Ngozi Okonjo-Iweala
    Recurrent Budget Expenditure Experiences New Highs After Decade Of Democratic Rule

      Recent statistics and analysis have shown that the budget expenditure at the recurrent level, has increased astronomically since Nigeria returned back to  Civilian rule. A development that would obviously call for more frugality and caution. In...

    • Posted December 20, 2012
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  • naira_dollar
    Naira Dips on Low CBN Dollar Sales

    Africa’s biggest crude oil producer’s currency the ‘naira’ declined in transaction by 0.4% to $157.4 as  at 4.30pm yesterday in Lagos the biggest since October 5. This according to Bloomberg has been rated the second-best performance   in Africa. It...

    • Posted November 6, 2012
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