West African crude-trading muted as freight steady, contango narrows
Little trading or price movement occurred on Monday as faster buying earlier in the trading cycle lapsed into a lull. Offers for West African grades, even ones which had recovered significantly in previous weeks, remained stuck atcurrent levels. BP last offered a cargo of Angolan …..
FG clears outstanding N168bn fuel subsidy debt to oil marketers
Comments:0 Comments THE Federal Government has paid N168 billion outstanding subsidy debt to oil marketers, as part of measures targeted at stimulating activities in the downstream sector of the petroleum industry. Investigation by Vanguard indicated that the payment was made through promissory notes, which the …..
US Mounts Pressure On AfDB Board To Probe Adesina
The President of African Development Bank (AfDB), Akinwumi Adesina, a former Minister of Agriculture in Nigeria, is enmeshed in allegation of corruption, leading to a pressure probe from the United States of America. AfDB board agreed to an independent probe of its president after the …..
Rivers State Commissioner Visits NLNG Medical Facility
Nigeria LNG Limited (NLNG) on Sunday, 24th May, 2020, received the Honourable Commissioner for Health, Rivers State, Professor Princewill Chike, who led a delegation to inspect the company’s medical facilities and to assess its readiness in the fight against COVID-19 pandemic in the State. The …..
Bonga Oil Export Terminal Shut For Maintenance
One of Shell’s major project in Nigeria, Bonga crude oil export terminal has begun routine maintenance in order to meet record time. The Shell Nigeria Exploration and Production Company (SNEPCo) said that maintenance on the Bonga floating production storage and offloading unit (FPSO) began on …..