Nigeria Oil Archives — Page 3 of 3

September 22, 2020 No Responses

Oil Subsidy Gulps N8.9trillion In 10 Years

Between 2006 and 2015, the Federal Government of Nigeria spent a total of N8.94 trillion on oil subsidy, the Petroleum Products Pricing Regulatory Agency (PPPRA) has said. A document on subsidy issued by PPPRA on Monday explained that the subsidy...

September 4, 2020 No Responses

Edo Approves 50 Hectares For Oil Palm Production

The Edo State Governor, Godwin Obaseki, has approved 50 hectares of farmland for three international investors for the production of palm oil in the state. The parcel of land, according to the governor, is on lease to three new companies...

August 24, 2020 No Responses

Nigeria Earns $378.42m From Crude Oil, Gas Export

The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million it posted in May 2020. The corporation disclosed this in its June Monthly Financial and...

June 9, 2020 No Responses

BP To Cut 10,000 Jobs As Coronavirus Hits Demand For Oil

BP has announced plans to cut 10,000 jobs following a global slump in demand for oil because of the coronavirus crisis. The oil giant had paused redundancies during the peak of the pandemic but told staff on Monday that around...

June 5, 2020 No Responses

NNPC To Deepen Business Portfolios In Power, Medical

The Nigerian National Petroleum Corporation (NNPC) is firming up business portfolios in the power, medical, housing and other sectors that would strengthen the profitability of the state owned oil company. The corporation said in a statement on Thursday that t...